Central Washington Federal to Merge With Gesa

Gesa will take over Central Washington Federal’s branch, which will be Gesa’s first in Yakima Valley.

Canadian Credit Union Panel Set to Discuss Shared Issues, Collaborative Opportunities

“Our resources are being stretched, and there is a new federal rule that will soon begin coming into play that regulates credit unions on a federal level,” said Dominic Vinci, vice president and COO of Canada’s Interior Savings Credit Union. “Regulation in Canada is vigorous and getting worse.”

Clock is Ticking as NCUA Takes Action on Liquidity Access for Credit Unions

The NCUA has scheduled a webinar for Aug. 14 to discuss upcoming changes and proposed rules related to the closure of U.S. Central Federal Credit Union, which will leave 6,000 credit unions without access to emergency borrowing programs.

Legal Briefs

Your weekly update on the regulatory landscape.

IRS Issues ‘Tax Exempt’ Correction to Credit Unions

The IRS sent a letter of correction to credit unions that had been erroneously informed last year that they had lost their tax-exempt status due to a filing error.

Catalyst Corporate Prepared for U.S. Central Bridge Wind Down

Catalyst Corporate explains how the NCUA’s intention to wind down the remaining components of U.S. Central Bridge Corporate—especially payment services such as ACH, automated settlement and international wires—will affect credit unions.

NCUA Files Suit Against Wells Fargo

The NCUA is suing Wells Fargo, alleging they violated state and federal securities laws and misrepresented the sale of securities to the now-defunct U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.

Central Oregon Chapter of Credit Unions Spring Meeting Planned

The Central Oregon Chapter of Credit Unions will hold its spring meeting on Thursday, April 14, at the Comfort Inn, Bend, Ore.