Metsger: Working Group to Review, End Annual Examination Process in Two Months

The new Chair of the NCUA Board made the announcement during a speech this week, seeking to streamline examination processes.

CSCU Honors O Bee and Columbia With CAMEO Awards for Marketing Prowess

O Bee won for its “Famous Pink Card,” which it designed as a fashion accessory, and Columbia Credit Union for a credit card campaign that sparked $1.4 million in portfolio growth.

Credit Union CEO Confidence Hits Highest Annual Level Since Recession

Catalyst Corporate’s quarterly survey finds CEO confidence rebounding.

FHLB Seattle Declares Q3 Cash Dividend; “Milestone in Bank’s Turnaround”

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.

Credit Union CEOs Looking At Economy through Rosier Glasses

According to Catalyst Corporate Federal Credit Union’s quarterly CU CEO Confidence Index, credit union CEOs are becoming increasingly confident that the economy is on the mend.

President Obama Extends SCRA Protections for Servicemembers

President Obama signed the Honoring America’s Veterans and Caring for Camp Lejeune Families Act (H.R. 1627) into law on Aug. 6, 2012, extending Servicemembers Civil Relief Act protections for servicemembers.

Horizon Completes Successful Merger with Montana First

Spokane-based Horizon Credit Union announced a long-awaited merger with Montana First Credit Union, a $63-million institution based in Missoula, Mont., expanding Horizon’s reach to three states.

Invest in America and GM Team to Drive Auto Loans to Credit Unions

Invest in America, a Strategic Link Business Partner, is offering an excellent opportunity for credit unions to secure incremental auto financing through the Credit Union Member Discount from GM.

Compliance Question of the Week

The SAFE Act provides for a de minimus exception of five or fewer residential loans during the last 12 months. Is that a rolling 12 months or a calendar year?

‘Super Committee’ Fails, Triggering Across-the-Board Budget Cuts in 2013

The “super committee” charged with cutting $1.2 trillion from the U.S. budget over the next 10 years announced Monday that it would not be able to reach an agreement by its Nov. 23 deadline.

Northwest Credit Union Association Formed

New trade group rolls out identity following board affirmation of member vote.