Point West Second in Northwest to Earn Juntos Avanzamos Designation
Portland-based Point West Credit Union raised the Juntos Avanzamos flag during a ceremony August 17, symbolizing their commitment to serving the Hispanic and Latino communities.
Anthem
New Federal Application Process Could Result in More “Rural” Designations for Mortgage Lenders
Some Northwest credit unions may find mortgage lending regulatory flexibility in a new process to receive “rural” designation.
46 Credit Union Professionals Earn CUDE Designation
BECU’s Sara Moorehead is one of 46 credit union professionals to become a Certified Credit Union Development Educator.
Lower Valley Credit Union Proves Its Worth to the Hispanic Community
Washington’s Lower Valley Credit Union is the first in the Northwest to receive the Juntos Avanzamos designation, showing it is willing and able to be a strong partner to this growing community.
CO-OP Becomes First CUSO to Earn Visa Apple Pay Designation
CO-OP is a Visa “Engaged Issuer-Processor” for Apple Pay; active with Visa and MasterCard in enrolling credit unions.
NCUA Board to Vote on Vice Chair
NCUA Chair Debbie Matz’s designation of Rick Metsger as vice chair hit a speed bump this week, and awaits affirmation of the full board.
CUNA Training Offers Professional Certifications in Business Development, Business Lending
Credit union employees who specialize in business lending or business development can earn professional certifications from the Credit Union National Association at training sessions scheduled for this summer.
Last-Minute Application Turns into NCUA Grant for Cutting Edge Credit Union
It only took Cutting Edge Federal Credit Union 90 minutes to get its low-income designation and another 10 minutes to apply for an NCUA grant. A month later, the credit union was awarded $2,500 to help it apply for CDFI certification and gain access to more resources that it can use to help members and the community.
NCUA, NASCUS Partner in State-Chartered Low-Income Initiative
A partnership between the NCUA and NASCUS will give state-chartered credit unions new opportunities to receive the Low-Income Credit Union designation.
Regulatory Changes for Credit Unions Expected in January
The NCUA is expected to issue four final rules on Thursday, including changes to the asset threshold that defines small credit unions, an increased response time for accepting the LICU designation and other technical changes.
NCUA Extends LICU Response Time to 90 Days
Through a board action today, the NCUA extended the response time to accept low-income credit union designation, giving newly eligible credit unions an additional 60 days to file.
CUNA, NFCDCU to Host Webinar Series Discussing Benefits of Low-Income Designation
Many misconceptions still surround the LICU designation, and a new three-part webinar series hosted by CUNA and the NFCDCU has been created to inform credit unions about the benefits of the designations and how best to leverage them for their institution and members.
NCUA to Extend LICU Opt-In Process to State-Chartered Credit Unions
After a letter from the NCUA last month invited more than 1,000 federally chartered credit unions to apply for low-income credit union designation, the agency has announced plans to extend a similar offer to state-chartered credit unions.
Maps’ Nowacki Earns ‘International’ DE Designation
Jill Nowacki was one of six Americans to earn an International Development Educator designation at the World Credit Union Conference in July.
NWCUA Regulatory Advocacy Update: Mixed Reaction from Industry to NCUA’s Low-Income Designation Letters
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 industry-wide reaction to the NCUA’s letter regarding LICU eligibility.
NWCUA Regulatory Advocacy Update: 18 Northwest Credit Unions Eligible for Low-Income Designation
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 news about the NCUA’s LICU designation, which allows for exemption from the MBL cap.
Low-Income and Community Development Status Offer Opportunities to Consumers, Credit Unions
Upcoming trainings in Portland and Seattle will detail the benefits of low-income or community development designation, a status that helped Express Credit Union more than double membership and improve services and technology.
Five Northwest Credit Union Pros Earn Coveted ‘Development Educator’ Designation
Five credit union professionals from the Northwest recently earned the title of Credit Union Development Educator: Steve Pagenstecher (Valley), Teresa Shively (Gesa), Sasha Kemble (Verity), Mitzi Smith (Maps) and Josh Bergman (WSECU).