Compliance Reminders for the End of the Year

Credit unions have until Dec. 31 to register or renew their Mortgage Loan Originators and complete both a SAFE Act and ACH audit.

Members Turn to Credit Unions for Financial Education and Advice

With financial literacy so engrained in the movement’s DNA, it’s probably no surprise that more and more members are turning to their credit unions for help and advice.

Generating Non-Interest Income in a Highly Regulated Environment

Credit unions looking for ways to remain viable and competitive can no longer rely on conducting business as usual. As the opportunities to generate fees from traditional services are reduced, many are concerned with how to maintain a level of income that allows them to offer the services that keep them competitive. It’s a challenging balancing act at best.

NCUA Says Share Insurance Fund Performing Well, Issues Two Final Rules

The National Credit Union Administration delivered good news, drew hard lines and offered a bit of compromise at its October board meeting in Washington, D.C.

Compliance Question of the Week

What do we need to do when contracting with a third-party vendor?

Get RIPT: New NWCUA Tools Can Help Credit Unions Clear a Path Through Regulations and Rule Changes

Northwest credit unions can create an easier path through the mountain of regulations and rule changes they face with the help of a new toolkit unveiled this week by the Northwest Credit Union Association.

No Need to Bid: These ‘Boardwalk of Miracles’ Photos Are Free!

Dozens of photos from the Northwest Credit Union Association’s “Boardwalk of Miracles” auction are now online. Bidders raised more than $130,000 for Children’s Miracle Network Hospitals. Were you there?

NCUA’s Matz tells Amplify Crowd: ‘Our Job is to Help Credit Unions Move Forward’

Credit unions say they face a regulatory burden that often feels oppressive, but NCUA board Chairman Debbie Matz said Tuesday that the federal regulator has taken significant steps to ease that burden, and she insisted that “gone are the days when we say no simply because we’ve always said no.”

Industrial Credit Union’s 19th Annual Food Drive Spreads the ‘People Helping People’ Philosophy Across Washington’s Whatcom County

For Terri Salstrom, Kim Sutton, and the employees of Industrial Credit Union in Bellingham, the spirit of community involvement is very much alive, and the “Feed the Need” food drive they created 19 years ago is still bringing neighbors together to help families who are hungry.

Do You Have the Technology Know-How to Effectively Manage Your IT Contracts?

Technology is an integral part of how financial institutions operate and provide account holders with the products and services they need, but technology agreements can be lengthy and confusing. And if you aren’t familiar with the terms and language used to describe the conditions and intricacies of the services you receive, your contract could be more beneficial to your vendors than to your organization.

Marketing on a Shoestring, Cutting-Edge Technology and the Keys to Becoming a True Leader: What Will You Discover at Amplify?

How will interest rates impact credit unions and the economy in 2014? What do credit unions need to do now to make sure they’re in compliance when the examiner comes calling? And how do you become the kind of leader who inspires your team to follow you through adversity? You’ll find the answers to those questions and more at Amplify, the Northwest Credit Union Association’s annual celebration of the credit union movement. Regular registration rates end soon!

SBA Launches New Web Tool to Educate Business Owners about the Affordable Care Act

The SBA has issued a resource tool regarding the Affordable Care Act that may be helpful to credit unions and small businesses considering their health care options. The Compliance Center provides all the convenient links.

Picture of sticky notes with question marks on them

Compliance Question of the Week

What policies must be approved by the board?

Credit Unions on the “Tax Reform Options” Table: What Does it Mean?

How serious is it that the Senate has spotlighted credit unions in a “tax options” report? It is not a recommendation, but the mention elevates the need for credit unions to turn on their grassroots machines.

It’s Spring: Do You Know Where Your Flood Zones Are?

As most of the Northwest is experiencing a soggy May, it’s a good reminder for credit union lenders to shore up their flood zone data. This is critical information for mortgage approvals. In today’s Strategic Link business partner article, CUNA Mutual’s Kriss Besch shares some important insight.

The DFI Issued Bulletin on Wash. State Credit Unions as Qualified Public Depositaries

The Washington regulator has issued a bulletin for credit unions interested in accepting public funds deposits. Credit unions that qualify may accept up to $250,000 per public depositor.

What HB 1582 Really Means for Washington State-Chartered Credit Unions

With two NWCUA-sponsored bills moving quickly through the Washington State Legislature, credit unions should begin looking ahead at how the bill will affect them should Gov. Jay Inslee sign it into law.

Does Your Credit Union’s Lending Department Need a ‘Business-Model Expert?’

The Business Lending School has opened enrollment for an intense six-month training course offering immersion-level training in both a classroom and credit union setting. “When it comes to business lending,” said instructor Robert Hogan, “if attending business-lender training prevents one commercial loan from going bad, they would have paid for training for the entire credit union.”