SMCU’s Romero, Lower Valley CU Take Honors; Rivermark Community CU Empowers New Entrepreneurs

Romero was recognized in mid-October, while Lower Valley Credit Union took home honorable mention during the recent National Federation Conference. Rivermark Community CU supported the next generation of business leaders.

CDFI Process Becoming Clearer, Easier for CUs

Low-income credit unions that become certified as Community Development Credit Unions find added opportunities to reach underserved members.

picture of a watering can watering a money tree

Trailhead CU Awarded $1.12 Million CDFI Grant

The U.S. Treasury grant supports CDFI investment and revitalization activity, with Trailhead taking special focus on bringing more affordable credit to micro-businesses and consumers in inner-Portland.

Rivermark Creates $100,000 Endowment With Oregon Community Foundation

The fund will provide grants to non-profit organizations that support small businesses with ready access to capital and other resources to succeed, resulting in improved economic vitality in the local community.

NCUA Board Notes: Comments Needed After Call Report Review Announced

Comments sought as part of a review of NCUA’s Call Report and Credit Union Profile efforts. Also, NCUA to reduce outstanding Stabilization Fund borrowings by sending $700 million to Treasury.

NCUA Board Headlines: Bank Note Investment Flexibility and Positive Net for Stabilization Fund

In its third open meeting of the year, the National Credit Union Administration Board approved a more flexible bank notes rule and announced a $302 million net position gain in the Stabilization Fund.

Washington Legislative Week in Review

Washington State Legislature called into special session.

Updated: Fund Your GAC Experience with Crasher Program, Grassroots Grant

Through the NWCUA’s Grassroots Grant Fund and the Crash the GAC program from CUNA and The Cooperative Trust, Northwest credit union advocates have two ways to get their GAC experience funded.

NCUA to Seek Comments on Overhead Transfer Rate, Operating Fee in January

NCUA Chair Matz will call for a January vote to publish the methodologies for calculating the OTR and operating fee in the Federal Register, opening them for comment.

NCUA Removes Fixed Asset Cap for Federal Credit Unions

At its monthly Board meeting, the administration also approved a final rule on capital planning and stress testing, said future Stabilization Fund assessments were unlikely, and revised its 2015 budget down by $1.3 million.

After Devastating Wenatchee Fire, Credit Unions Offer Relief

The credit unions of Oregon and Washington launched the Wenatchee Wildfire Relief Fund to support victims of the ongoing fires east of the Cascades.

NCUA has $2 Million Grant Fund for Low-Income Credit Unions

The NCUA has $2 million to give to low-income credit unions looking to launch new products, grow capacity, develop a digital presence, or invest in cyber-security infrastructure. Applications are being accepted through June 30.

News & Notes: Here’s What’s Happening Around the Northwest

Advantis kicks off $50k GROW Community Fund; Red Canoe business development officer wins mentor of the year.

Compliance Center: NCUA Releases Videos to Help Credit Unions With CDFI Certification

Five-video series will help credit unions get certified; Can you follow Robert’s Rules for board meetings?; Plus this week’s legal briefs.

NCUA: No Stabilization Fund Assessments in the Foreseeable Future

Careful management and improving economy have driven assessment projections into the negative, says Matz.

What Would a Credit Union for Millennials Look Like?

Marketer Derek Gillette imagines ‘Credit Union on Purpose,’ a credit union for Millennials, and shows how their core values attract and serve new members.

No 2014 Share Insurance Fund Premium: NCUA

The NCUA says no 2014 premium, approves joint rule amending flood insurance and correction to corporate rule.

Application Period Opens for 2015 CDFI Fund Grants

Grants are awarded up to $2 million for serving low-income communities. Deadline is November 24. Free webinar on October 22.