People Helping People Spotlight: STCU Steps Up with Low-Interest Storm Loans

When a deadly windstorm pummeled the Inland Northwest, STCU quickly offered members low cost emergency loans. The results: 200 loans and $1 million to “get it fixed.”

After Record Rainfall and 35-Foot Waves, Fibre Federal Extends Hand to Flood Victims

Fibre Federal Credit Union created a special, low-interest loan to help those who sustained losses during the record-breaking floods last week.

Reminder: Compliance Date for NCUA Emergency Liquidity Rule is March 31

Credit unions have until March 31 to complete their compliance preparations for the National Credit Union Administration’s new Emergency Liquidity Rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can we require a loan to have automatic payments as a condition of granting the loan?”

NWCUA Adds Manager of Political and Grassroots Advocacy

Samantha Beeler has joined the Northwest Credit Union Association’s governmental affairs team as its manager of political and grassroots advocacy, a role that will allow her to work closely with Oregon and Washington credit unions to promote the credit union message and support the Association’s legislative and political agenda.

Compliance Question of the Week

When can a member waive the right of rescission?

NCUA Says Share Insurance Fund Performing Well, Issues Two Final Rules

The National Credit Union Administration delivered good news, drew hard lines and offered a bit of compromise at its October board meeting in Washington, D.C.

IIA Introduces Roadside Assistance Program for Credit Union Members

Through the new Credit Union Auto Club, Invest in America is now offering a wide range of roadside assistance services and other benefits exclusively to credit union members. Credit unions that enroll in the program during the pilot can earn marketing reimbursements of up to $9 per membership purchased.

NWCUA Regulatory Advocacy Update: Response to NCUA’s Proposed Rules

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 are update letters on two comment letters written by the NWCUA regarding the NCUA’s proposed rules on emergency liquidity and troubled condition.

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.

Communication Is the First Hurdle in Disaster Recovery

Mike Retelle, CUNA Mutual Group’s Disaster Response Team leader, discusses disaster relief as it relates to credit unions and emphasizes the importance of communication in the recovery process.

Stay Lifted from Loan Originator Compensation Rules

A U.S. Court of Appeals lifted a stay on the implementation of the Federal Reserve’s Regulation Z Loan Originator Compensation final rule, meaning the new rule will come into effect today.