More than 1,000 Washington credit union members have already improved their financial well-being thanks to the Save to Win program offered at six credit unions. All other Washington credit unions are invited to offer the accounts to their members, through the NWCUA’s turnkey program.
The FHLB Seattle has declared a cash dividend payable July 30, 2013. The Seattle Bank hasn’t issued a cash dividend in many years, and this is considered a “milestone in the bank’s turnaround” according to a news release issued this week.
The Senate Committee on Banking, Housing and Urban Affairs will conduct a hearing June 27 to consider President Obama’s nomination of former Oregon Sen. Rick Metsger to fill a vacancy on the NCUA Board.
Your weekly update on legal briefs impacting the regulatory landscape.
Advantis Credit Union has signed on as a “Founding Corporate Partner” of the Hillsboro Hops. The Hops, a professional baseball team, debut June 14, ending a nearly three-year dry spell of professional baseball in the Portland area.
The NWCUA is relocating its Washington offices to a convenient location near Sea-Tac. NWCUA meetings and training taking place at the Association’s Washington facilities will be located in the new Sea-Tac offices beginning June 30.
The new high-tech, hands-on JA Finance Park rolls into the Portland area June 3, with an opportunity for credit union volunteers to help students navigate personal finance. The facility includes a credit union, funded with a grant from the Northwest Credit Union Foundation.
A host of rules, reports and testimony updates are available in your weekly update on the regulatory landscape.
A trio of Washington credit unions will again partner with community agencies and the Northwest Credit Union Foundation to help Kitsap area residents deal with the financial impact of government budget cuts. The last event the credit unions sponsored in March drew a crowd of more than 250 people.
Two important mortgage rules take effect June 1, 2013. They concern higher priced mortgage loan escrow accounts and mandatory arbitration agreements.
Even with the hundreds of hours credit unions typically contribute to touching the lives of students, an NWCUA Financial Education Committee survey showed, resources are a barrier to credit union professionals who want to do more. The committee will provide turnkey resources and financial education models during two best practice roundtable events this summer.
More than a year ago, Bank of America announced plans to charge customers $5 a month to use their debit cards, sparking consumer backlash that came to a head on Nov. 5, 2011. With the one-year anniversary approaching, Anthem will examine the lessons learned and the lasting impact of Bank Transfer Day.
St. Helens Community Federal Credit Union membership presented the credit union’s board of directors with a petition containing 492 signatures seeking a recall of five of its seven board members. A special meeting has been scheduled for Sept. 4.
The Federal Home Loan Bank of Seattle released its latest three- and six-month financial results Monday, reporting a return to profitability as well as the restoration of normal operations after suffering losses during the same periods in 2011.
Unitus Community Credit Union reported receiving a public funds deposit from the city of Portland in June, marking the third Oregon credit union to take such a deposit as part of the city’s recently passed Responsible Banking Resolution.