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Columbia CU Donates $13,900 to CMAC & Home With Heroes

The donations were made in connection with the credit union’s Veterans Appreciation Vehicle Loan promotion.

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WA DCU Issues Bulletin Regarding Website Compliance Exams

Also, this week’s legal briefs from around the Federal landscape, and your compliance question answered.

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U.S. District Court Blocks DOL’s Overtime Rule Nationwide

The preliminary injunction blocks the implementation of the Department of Labor’s (DOL) new overtime rules which would have gone into effect on December 1.

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Compliance Center: CFPB’s Navy Federal Credit Union Consent Order

Insight into the CFPB order for improper debt collection, along with your Compliance question answered, and legal briefs from the federal landscape.

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MLA Amendments: What They Mean for Your CU

The Military Lending Act amendments officially went into effect on October 3.

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WA DCU Issues Bulletin on Powers of Attorney in Vehicle Loan Transactions

The bulletin alerts credit unions that the Washington Department of Licensing (DOL) will not accept powers of attorney executed by a credit union employee on behalf of a member.

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Fannie Mae and Freddie Mac Publish Redesigned Uniform Residential Loan Application Form and Dataset

The standardized form is used by borrowers to apply for a mortgage loan. Also, your compliance question answered and legal briefs from the federal landscape.

SMCU Reviews Recent Citizenship Loan Program

Anthem talked to SMCU President & CEO Richard Romero on the heels of their recent partnership with the City of Seattle on providing loans to help finance the first step on the path to U.S. citizenship.

New CUNA Mutual Group CU Trends Report Shows Continued Membership, Loan Growth

The report offers an economic outlook for credit unions and their leaders.

On the Move: NW CU Leaders Hired, Promoted & Recognized

Columbia CU welcomes Filburn as VP of Retail Lending; Oregon State CU Promotes Shirley to AVP of Risk Management & Maps CU’s Porras earns I-CUDE designation.

Integrate Your Lending Tech to Drive Member Value

Strategic Link partner CUNA Mutual Group shares thoughts on connectivity in lending tech to save time for staff, and members.

Zipwhip Brings ‘Choice Over Voice’ to CUs Looking to Engage With Members

We talked to Mark Johnson of Strategic Link partner Zipwhip this week, who described how Zipwhip allows credit unions to engage with members through text messages to landline phones.

NCUA: Personal Guarantee Waivers No Longer Required for Member Business Loans

Under certain circumstances, credit unions may now make member business loans without requiring a personal guarantee.

In Final Days of Session, Oregon Legislature Passes Marijuana Banking Legislation

The Oregon Legislature ended its 2016 session on Thursday, March 3. In the final days, legislation passed removing criminal liability from financial institutions servicing legal marijuana businesses.

Final Member Business Lending Rule Ushers in a ‘New Era’

The National Credit Union Administration has approved a modernized Member Business Lending rule giving federally insured credit unions greater flexibility.

Relationships Help Credit Unions Capture Growing Auto Loan Market

Northwest credit unions continue robust auto lending in a “hot” market. Data from CUDirect and Callahan & Associates finds Washington credit unions grew the category by 56 percent since late 2011, while Oregon credit unions increased by 34 percent.

People Helping People Spotlight: STCU Steps Up with Low-Interest Storm Loans

When a deadly windstorm pummeled the Inland Northwest, STCU quickly offered members low cost emergency loans. The results: 200 loans and $1 million to “get it fixed.”

Rising Consumer Confidence Raises Spending, Auto Lending

Make sure your credit union capitalizes on boost in consumer spending. Harland Clarke offers the keys to loan marketing success.