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.”
Fibre Federal Credit Union created a special, low-interest loan to help those who sustained losses during the record-breaking floods last week.
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?”
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.
When can a member waive the right of rescission?
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.
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.
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.
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.
Mike Retelle, CUNA Mutual Groupâ€™s Disaster Response Team leader, discusses disaster relief as it relates to credit unions and emphasizes the importance of communication in the recovery process.
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.