After losing their sponsor company, Terry Fultz and the Newrizons team found a way to survive, grow and serve their changing community. As they celebrate 50 years, the credit union is as fresh and relevant as ever.
After floods ravaged the homes of dozens in Grays Harbor County this winter, the credit unions of the Northwest united to help families affected by the disaster.
Maps shreds 20 tons of documents; Gesa announces unique community partnership; STCU promotes Flood to VP of lending; Columbia welcomes new VP of business lending; Solarity hires new HR Manager.
WECU donates $46,220 to local nonprofits in Q2; Unitus wins fans with “Free Lunch Fridays”; Gesa Credit Union Raises $90K to support community shelters and the Washington Asset Building Coalition invites credit unions to its summer meeting.
Administrative Ruling Regarding the Participation of Associations of Financial Institutions in the 314(b) Program
FinCEN has defined the term “association of financial institutions” as “a group or organization the membership of which is comprised entirely of financial institutions.” An association of financial institutions may share information under section 314(b) of the USA PATRIOT Act.
In an amendment to Reg E, the CFPB concluded that institutions that conduct 100 or fewer remittance transfers per year—which includes roughly 80 percent of credit unions—should be exempt from remittance transfer requirements.