Thousands of credit union advocates from across the nation are gathered in Washington D.C. this week for the CUNA Governmental Affairs Conference. Against that backdrop, Oregon State Credit Union’s Rick Hein received the nation’s highest advocacy honor.
CEOs of two Northwest credit unions presented at a conference in Korea. In the process, they learned the issues credit unions around the world face aren’t so different after all.
Modernization of Oregon state charter led Oregon State Credit Union — formerly OSU Federal — to switch charters, but service, vision and legacy remain unchanged.
OSU Federal will become Oregon State Credit Union and adopt a state charter, allowing it to serve more of Oregon’s residents.
Dan Hein, the Northwest Credit Union Association’s vice president of finance, has been named president and CEO of Alaska Airlines/Horizon Air Employees Federal Credit Union. He will replace longtime CEO Carnot Reeff, who is retiring after 26 years.
Contributions are now being accepted by the Northwest Credit Union Foundation to help survivors of the massive mudslide in Oso, Washington, which has left at least 33 people dead. Funds will be used to help pay for housing, supplies and other immediate needs.
Northwest credit unions continue to trend well, according to an analysis of Q4 financial data by the NWCUA. Asset growth, ROA and net worth are all increasing, while charge-offs and delinquency ratios continue to decline.
Northwest credit unions recorded greater asset growth, greater loan growth and a slightly higher ROAA than the region’s banks in the third quarter of 2013, an analysis by the Northwest Credit Union Association shows.
Northwest credit unions are on the right course, an analysis of national data by the NWCUA shows, with asset growth, ROAA and net worth all increasing during the third quarter of 2013. At the same time, charge-offs and delinquency ratios continue to decline.
You can talk about how much they love their work. Or how proud they are of what they‘ve accomplished. You can even talk about innovation and their visions for the future. But spend five minutes with Rick Brandsma, Rick Hein, or Jill Nowacki and see if the conversation doesn’t somehow come back around to three simple words: making lives better.
Northwest credit unions improved their foreclosed real estate balance by 32 percent in Q2. The foreclosure performance is another round of positive news about the financial health and strength of credit unions in the region.
Northwest credit unions are trending well according to an analysis of data by the NWCUA. Asset growth, ROA and net worth are increasing while charge-offs and delinquency ratios continue to decline.
OSU Federal’s CULAC success story was celebrated in the national spotlight as the CULAC trustees met in Washington this week. The federal political action committee’s primary mission is to elect and retain candidates who are credit union supporters.
The Federal Reserve’s Federal Open Market Committee voted this week to continue purchasing bonds and Treasuries and to hold the federal target fund interest rate steady at near-zero levels until unemployment falls below 6.5 percent.
The National Credit Union Federation of Korea, headquartered in the city of Daejeon, oversees a unified credit union marketing and branding program, houses a single core processor system for all of Korea’s credit unions, and trains thousands of credit union professionals and members in its education and training facility each year.
Seeing an opportunity to serve the needs of Northwest credit unions, Catalyst Corporate has named a second Northwest credit union leader to its board following the purchase of Western Bridge assets.