Despite a flailing financial sector and a business model that rewards economies of scale, a group of Whidby Island residents are pushing forward a plan to open a federally chartered credit union.
Under the agencyâ€™s conservatorship, normal business activity will continue and members of the credit union will have access to the services available to them prior to NCUA taking control of the credit unionâ€™s operations last Friday.
WECU CEO Wayne Langei argues for eliminating the member business lending cap in the first of Anthemâ€™s opinion series.
DFI has scheduled a free webinar to answer questions about the application, approval, and on-line reporting process for Washington state-chartered credit unions choosing to become qualified public depositaries.
NCUA issued a final rule regarding the display of the â€œofficial signâ€ and permanent increase in insurance coverage at $250,000.
The 2011 National Youth Saving Challenge sponsored by the Credit Union National Association is gaining steady momentum. The number of participating credit unions is now 100 and rising quickly.
The term payout ratio was originally applied in the stock market as a measure of return to investors (dividend payout ratio). Credit unions can benefit from from this concept by using these ratios to measure the percent of interest income that is paid to members in the form of interest on deposits.