Both State Regulators Release Guidance for State Chartered Credit Unions

Northwest regulators have released new compliance information of interest to state chartered credit unions. The Compliance Report details what the Oregon DCBS and the Washington DFI issued recently.

Compliance Question of the Week

One of our members has died and his executor wants to open a decedent account. He also wants a debit card to go with the checks. Is it OK?

Most Maximum Conforming Loan Limits Will Remain at 2011 Levels in 2012

The FHFA announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2012 will remain at 2011 levels in all but one U.S. county.

Legal Briefs

Your update on the regulatory landscape.

Help Boards Perform Without Using Term Limits

Convention speaker Rory Rowland outlines how credit unions can address with underperforming boards without the use of term limits, which can also eliminate quality leadership.

Credit Union Implements Board Term Limits to Increase Member Engagement

Through a methodical and deliberate process, management and the board came up with a process that addressed concerns and prepared the credit union for the future.

NCUA: Directors Can Delegate Authority, with Limits

In a Letter to Federal Credit Unions, the National Credit Union Administration said an FCU’s board can, with some limitations, delegate to its CEO the authority to hire, fire, and compensate subordinate employees, including other management personnel.