picture of someone counting money

Study: Near-Unanimous Support for CUs in Oregon, Changing Attitudes Toward Marijuana Banking

Jointly conducted by LT Public Relations and DHM Research, the survey offers multiple key findings for Oregon credit unions interested in serving the growing industry.

Updated: Oregon Marijuana Bill Signed Into Law

Governor Kate Brown signed HB 4094 into law on March 29. NWCUA lauded the news as an “important first step” for credit unions looking to provide financial services to legal marijuana businesses.

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.

NWCUA Backed Bills Advance in Oregon Legislature as Major Deadline Approaches

The Northwest Credit Union Association and member credit unions are at the table in Salem, supporting policy advancements in marijuana banking and data match legislation.

Oregon Legislative Update

The Northwest Credit Union Association is tracking several bills important to credit unions during Oregon’s Legislative session.

Credit Unions’ Policy Agenda Front and Center in Oregon Legislature

With the Oregon Legislature scheduled to begin its session on February 1, the Northwest Credit Union Association is on alert, monitoring bills related to affordable housing, elder and vulnerable person abuse, the Oregon Growth Board, and student loans.

Washington Legislative Week in Review

As the Washington Legislature begins its second week, get an insider’s look at the policy advancement strategy for credit unions.

Merkley, Wyden, Blumenauer Push Legislation Clearing Marijuana Banking Smoke

Oregon Senators Merkley and Wyden and Representative Blumenauer held a news conference at Rivermark Community Credit Union to call attention to the near impossibility credit unions face banking legal marijuana business. They scored the attention of all major Portland media outlets.

Oregon’s Federal Delegation to Hold News Conference Spotlighting Marijuana Banking Issues

Oregon Senators Jeff Merkley and Ron Wyden, along with Congressman Earl Blumenauer, are jointly calling on Congress to pass legislation ensuring legal marijuana businesses can access banking services.

Oregon Legislative Update: NWCUA Testifies on ‘Marijuana and Banking’

NWCUA called upon to testify on financial services for marijuana-based businesses; update to Oregon Credit Union Act scheduled for March 4 hearing.

FinCEN: Marijuana Guidance is Working; More Than 100 FIs Serving Pot Industry

More than 100 financial institutions are serving legal marijuana businesses, according to FinCEN. The agency’s director says the guidance FinCEN issued to banks and credit unions in February is working.

NCUA Instructs Examiners to Follow FinCEN Marijuana Guidance

The NCUA is instructing examiners to follow FinCEN guidance related to banking legal marijuana businesses. It’s a move expected to offer some reassurance to credit unions.

Rep. Heck’s Pro Marijuana Banking Amendment Passes House

Banking of legal marijuana businesses received support from the House in two votes Wednesday. One of the measures was proposed by Rep. Denny Heck.

Washington Pot Shops Open; Banking Still up in the Air

Washington’s first legal pot shops are opening their doors this week. Customers are lining up, but financial institutions are not.

DFI Open Forum on Banking the Marijuana Industry

On Tuesday June 24, the Washington State Department of Financial Institutions (DFI) along with the Washington State Liquor Control Board (WSLCB) hosted an open forum on banking the legal marijuana industry. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “What is our liability if we offer a ‘two-signatures required’ account?”

Governor Inslee to Feds: Expedite Better Marijuana Banking Guidance

Washington Governor Jay Inslee is trying to kick-start the banking of legal marijuana businesses. With nearly all Washington credit unions sitting on the sidelines, the governor has reached out to four federal agencies for better guidance.

Numerica Credit Union’s Carla Altepeter: Opening Accounts for Marijuana Businesses is ‘In the Best Interests of Our Members and Their Communities’

With 2013 in the rear-view mirror, Anthem asked Northwest credit union presidents and CEOs to reflect on the past, consider what lies ahead and talk about the challenges — and the opportunities — that await credit unions in 2014. Today: President/CEO Carla Altepeter talks about Numerica Credit Union’s decision to become the first Washington financial institution to open accounts for licensed marijuana growers and processors.

Federal Guidance ‘Gives Comfort’ that Credit Unions Can Serve Licensed Marijuana Businesses, DFI Says

Guidance issued earlier this year by the Financial Crimes Enforcement Network (FinCEN) does not change federal law when it comes to providing banking services to marijuana businesses, Washington state regulators said Thursday, but “there is a difference between a law and a decision whether to enforce it.” DFI Director Scott Jarvis and Director of Credit Unions Linda Jekel made their comments at the NWCUA’s Leadership Symposium in Portland.