CUNA Membership at Work: Recapping the First Half of 2012

“A key success was a special election victory by Suzanne Bonamici (D-OR). Bonamici’s win, which was made possible because of the great work of the Northwest Credit Union Association and its member credit unions, created a bond so strong that after being sworn into office her first action was co-sponsoring the House MBL bill.”

How Do You Measure the Value of CUNA Membership?

CUNA, with its network of 44 state and regional leagues/associations, counted more than 6,100 of America’s credit unions as members. In 2011, credit unions saw their membership at work through a long list of impressive accomplishments.

Morrell Tabbed to Lead Peninsula Credit Union

Peninsula Credit Union has named Northwest credit union stalwart Jim Morrell its new president and CEO, succeeding Steve Gorseth, who plans to retire in June.

ICUL Service Corp Rolls Out ‘Moms, Dads & Grads’ Line of Gift Cards

The ICUL Service Corporation, a Strategic Link business partner, offers several programs to help credit unions compete with gift card and reloadable “stored value” debit cards, including a new series geared toward soon-to-be graduates.

FinCEN Considers Rules on Identifying New Members Joining Credit Unions

An advance notice issued recently by FinCEN is soliciting public comment on an explicit customer due diligence obligation that could require financial institutions to identify beneficial ownership of their account holders.

Regulators Release Guidance on Junior Lien Loss Allowances

The four federal financial regulatory agencies issued supervisory guidance on certain ALLL estimation practices. It addresses the responsibilities of financial institution management and examiners and builds on existing supervisory guidance.

Compliance Question of the Week

We have a member who is both hearing and sight impaired. They are telling us that under the ADA laws, financial institutions are required to have TTY lines. Is this correct?

Regulatory Advocacy Update

The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates on streamlined CFPB regulations and the NCUA’s suit against Wells Fargo.

MountainCrest Credit Union CEO to Retire

Bob Schumacher’s 34-year credit union career began with CUNA and Affiliates in 1977, and included stops at the Florida and Washington Credit Union Leagues.

Roundtable Discussion Exceeds Expectations of Volunteers

There were many important topics this year at the NWCUA Volunteers Conference; chief among them: dealing with the regulatory burden for volunteers.

Free Webinar Help CUs Take Advantage of Invest in America Program

A free webinar set for Tuesday, Feb. 15, and presented by Invest in America, will teach you how to take advantage of the program that increases the value of membership and stimulates the economy. The hour-and-a-half webinar begins at 1:30 p.m.

2010 Credit Union Charity Ride This Saturday

You’re invited to participate in the 2010 Credit Union Charity Ride for Doernbecher Children’s Hospital.