Kitsap Merger Brings Possible October Vote to Quimper Credit Union Members

Quimper Credit Union members may soon get a chance to vote on the creation of a nearly $1 billion financial cooperative as its board of directors seek a merger with Kitsap Credit Union.

Compliance Question of the Week

On an application we received indirectly from a dealer, I noticed there was not a section for a joint applicant to evidence his or her intent of being a joint applicant. Instead, there was fine wording at the bottom where the co-applicant affirmed the accuracy of the information and evidenced his or her intent to be joint applicant. Is this okay?

Technical Change Made to NCUA ‘Golden Parachute Rule’

The NCUA board of directors made technical modifications to its recent rule covering golden parachutes and indemnification payments to institution-affiliated parties.

Oregon, Washington Foundations Signal Intent to Merge

After careful consideration, the Oregon Credit Union Foundation and the Washington Credit Union Foundation Boards of Directors have signed a letter of intent to merge.