Credit unions have until Dec. 31 to register or renew their Mortgage Loan Originators and complete both a SAFE Act and ACH audit.
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.
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.
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.
What do we need to do when contracting with a third-party vendor?
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.
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?
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.
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!
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.
What policies must be approved by the board?
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.
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 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.
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.
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.”