FinCEN Publishes Guidance on CTR Exemptions

FinCEN issued guidance this week to help financial institutions determine whether a customer or member is eligible for exemption from CTR requirements. The guidance is updated from a 2009 version to reflect the changes finalized this month.

Has the Credit Union Movement Reached a Strategic Inflection Point?

During his presentation at the Leadership Symposium on June 21, CUNA Mutual’s John Lass will discuss whether the credit union system has reached a strategic inflection point, a time when an industry must completely retool its model to stay relevant.

The Basics of Engaging Credit Union Membership in Partisan Politics

Dennis Pierce, CEO of CommunityAmerica Credit Union in Kansas City, Mo., and a featured presenter at the NWCUA’s upcoming Leadership Symposium, discusses the importance of political advocacy for credit unions and easy tips for effective engagement.

Legal Briefs

Your weekly update on the regulatory landscape.

Washington Credit Unions Invited to Learn About New Turnkey Prize-Linked Savings Plan

Washington credit unions may finally be well-positioned to offer prize-linked savings accounts, thanks to funding approved by the Northwest Credit Union Association board and a new operations model offered by the Michigan Credit Union League.

Washington State’s One-Page Mortgage Disclosure Rescinded as of June 7

The Washington DFI released a bulletin this week informing credit unions about a change in Washington law. Beginning June 7, disclosures that comply with RESPA will be considered compliant with the disclosure required under state law.

TwinStar’s Marshall Ellison Retires June 30

TwinStar CEO Marshall Ellison is retiring after 17 successful years that have helped strengthen not only his credit union, but the entire credit union movement.

Senate to Hold Hearing on Housing Finance Reform

This week’s Federal Legislative Week in Review outlines work on the federal mortgage standards bill, the Fed’s pending Interchange amendment, and the NCUA’s prepayment plan.

Oregon Legislative Session’s End is Near?

This week’s Oregon Legislative Week in Review outlines how a constitutional deadline for ending the session is near despite some budget issues still needing approval.

Legal Briefs

Your update on the regulatory landscape.

Legal Briefs

Your update on the regulatory landscape.

Last Day to Get In Awards Nominations

The deadline for many of the Association’s awards, which are administered and presented by the Oregon and Washington Credit Union Foundations, is tomorrow, June 15.

Want Less Compliance Burden? Do Some Regulatory Advocacy

Comments are open on Automated Clearing House risk management and regulations that come under the CFPB.

Comments Received on Corporate Prepayment Program to Be Made Public

Unless it hears concerns about making the comments public on or before June 10, the NCUA will post all comments on its website. Comments on the prepayment program accepted until June 20.

New Options for Toll Free Credit Counseling for Credit Card Statements

Following the NFCC’s decision to charge for previously free toll-free numbers, there are other free options available, but CUs must be aware of the compliance issues if they switch providers.

Oregon Legislative Week in Review

After several weeks of work behind the scenes by the Association, the Oregon credit union bill, SB 177, was passed out of committee and now heads to the next few days.

New Interchange Push Needed as Senate Schedules Vote

The Association asks CUs and their members to contact senators through letters, Facebook, calls, and local town-hall meetings, a list of which are in this article.

New CEO Orientation Sessions Scheduled for June

The sessions are for CEOs who are new to their position within the last 2-3 years or those who want a refresher on the benefits of association membership.