Financial Impact of Regulation on Oregon, Washington Credit Unions: $306 Million

The financial impact of regulation for Northwest credit unions was $306 million in 2014 alone, according to just released analysis from the Credit Union National Association.

Home Depot Breach Cost Northwest Credit Unions $3.2 Million: CUNA

In a new report, CUNA estimated that 7.2 million credit union debit and credit cards were affected nationally, at a cost to credit unions of nearly $60 million.

Four Things That Improve Auto-Loan Refinance Results

Consumers are returning to car dealerships, which means big opportunity for credit unions that are prepared. Here are four things to help you capitalize.

NW Cost of Responding to Target Data Breach Now $1.7 Million, Latest CUNA Figures Show

Updated estimates from the Credit Union National Association now put the cost of responding to the Target data breach at $1.7 million for Northwest credit unions as the average cost per affected card continues to rise. Credit unions’ cost to date nationwide: $30.6 million.

Cost of Responding to the Target Breach in the Northwest: $1.3 Million and Counting

Northwest credit unions have already spent an estimated $1.3 million responding to the massive theft of financial data from Target stores, and the preliminary results of a nationwide survey indicate that those costs could grow substantially if fraud losses mount.

Credit Unions for Kids’ Holiday Icon Campaign Will Raise Funds for Children’s Miracle Network

It doesn’t matter if you choose a football, a light bulb or a jolly snowman — they’ll all help Credit Unions for Kids raise funds during the holiday season for Children’s Miracle Network hospitals.

CFPB Still has Concerns Regarding Credit Cards

The Consumer Financial Protection Bureau says the CARD Act has reduced penalty fees and made the cost of credit clearer for consumers. But the bureau says it is still concerned about add-on products, deferred-interest products, fee-harvester cards, and disclosures.

CUMONEY Visa: A Reloadable Debit Card Program to Suit Any Need

Prepaid reloadable debit cards may present new growth opportunities for credit unions. Strategic Link business partner CUMONEY reports its reloadable prepaid debit card program is an affordable relationship-building tool, carrying one of the lowest fee structures in the market.

Why Credit Unions are Adding Webinars as Training Option

In today’s economy, maximizing training budgets and achieving more with less are critical issues for training managers. To address budget challenges, savvy managers are adding webinars as a training option, providing significant benefits for both the credit union and its employees.

NWCUA Regulatory Advocacy Update: Road to Public Funds in Oregon Longer than Anticipated—But End Is in Sight

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on Oregon’s public funds program.

Oregon DMV to Increase License Plate Fee

The Oregon DMV will begin collecting $24 per pair of license plates issued on April 1, 2012.

NWCUA Chapters Schedule September Meetings

Several NWCUA chapters are planning their September chapter meetings, highlighted by a number that are working to raise money for various charities.

The Cost of Waiting

Gary Tantleff, managing director of investments at The Credit Union Advisory Group at UBS, warns against the dangers of waiting to invest.

Member & Chapter News

OnPoint Community CU’s Educator of the Year wins a year’s worth of mortgage payments, plus a plethora of chapter events.

Member & Chapter News

Encouraging job training, Numerica gives 30 computers to the Neighborhood Networks group. Plus loads of May chapter meetings announcements…

IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage

The IRS emphasizes that this new reporting to employees is for their information only, and does not cause excludable employer-provided health coverage to become taxable.