NYIB Conference Coming Up

The 2016 National Youth Involvement Board Conference will offer strategies for credit unions looking to revamp youth accounts and youth & family marketing programs.

Compliance Center: Federal Regulators Issue Joint Statement on the New CECL Accounting Standard

New statement covers initial information on new FASB accounting standard ASU 2016-13, for estimating allowance for credit losses.

Compliance Center: FFIEC Issues Interbank Messaging and Wholesale Payment Network Advisory Statement

FFIEC recently released a statement advising financial institutions that actively manage the risks associated with interbank messaging and wholesale payment networks.

Compliance Center: CFPB, NCUA Publish Rulemaking Agenda Updates

CFPB and NCUA officials have announced semi-annual rulemaking agenda updates.

NCUA Hosting Community Development Financial Institutions Certification Webinar

The agency has partnered with the CDFI Fund in an effort to double the number of certified credit unions by year-end.

Credit Unions for Kids Skybridge Represents Collaboration and Refocus on Mission

In late-June, credit union leaders will come together at Seattle Children’s Hospital to dedicate the Credit Unions for Kids Skybridge in recognition of a five-year, $1 million fundraising commitment. We looked at what that represents and how credit unions can help.

Compliance Center: Interagency Guidance on Deposit Reconciliation Practices Released

NCUA, along with four other agencies, released the guidance to address discrepancies that may occur with amounts deposited by a member or customer and the dollar amount credited to that account.

NCUF Twitter Chat on Senior Citizens Set for June 8

National Credit Union Foundation to focus on elder fraud in recognition of Older American’s Month.

CO-OP Announces Todd Clark as New President/CEO of CO-OP Financial Services

Clark will become the new President/CEO of CO-OP Financial Services effective June 27, succeeding the retiring Stan Hollen.

Compliance Center: Northwest Security Conference Wrap

Wrap up from the recent security conference at Skamania Lodge, which urged the widespread usage of security tools.

Fox Named New Inspirus CFO

Lesley Fox joins Inspirus Credit Union as CFO, focusing on accounting, treasury, investments, audits, taxes and accounting, purchasing and insurance initiatives.

Insights From Consumers: Bridging the Gap for Hardworking Americans

Strategic Link partner CUNA Mutual Group shares key insights from consumers on trends to pay attention to.

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Survey Shows Key Strengths, Challenges for Credit Unions With Engaging Members

Anthem talked to a few Northwest credit unions about how they handle member engagement, following a recent Gallup survey showing credit unions outpacing banks.

Compliance Center: FFIEC Issues IT Examination Appendix for Mobile Financial Services

FFIEC issues a revised Retail Systems Payment booklet; question on ‘positive owner contact’ with dormant accounts and legal briefs.

iQ Credit Union Announces Appointment of New President and CEO

Kelly Schrader has been selected as iQ Credit Union’s new President and Chief Executive Officer and will assume the new role on June 1, 2016.

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Financial Education Focus With NW Priority Credit Union

Last week, we showcased the collective efforts of 11 Northwest credit unions for the Financial Reality Fair Extravaganza, which hosted a dozen financial reality fairs at schools across the region, including nine in one day. One of those members, NW Priority Credit Union, shared their individual efforts from the day.

CO-OP Announces CO-OP Purpose

The social responsibility program offers turnkey, impactful community initiatives.

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Call for Volunteers: Financial Education Events at Camp Withycombe with Local High Schools

NWCUF partner JA Finance Park is hosting upcoming financial education events. Check below for upcoming dates and partnering schools.