NCUA Board Headlines: Bank Note Investment Flexibility and Positive Net for Stabilization Fund

In its third open meeting of the year, the National Credit Union Administration Board approved a more flexible bank notes rule and announced a $302 million net position gain in the Stabilization Fund.

CUNA Mutual Group Provides Lending & Payment Security Toolkit

Your credit union can truly help members break the paycheck-to-paycheck cycle. Your Strategic Link business partner CUNA Mutual Group provides you with a Lending and Payment Security toolkit. Watch videos of member success stories.

CUNA Mutual Group Provides Lending & Payment Security Toolkit

Your credit union can truly help members break the paycheck-to-paycheck cycle. Your Strategic Link business partner CUNA Mutual Group provides you with a Lending and Payment Security toolkit. Watch videos of member success stories.

How to Pick the Best Credit Union for You

National website and newsletter Money Talks News highlights credit unions, and gives some tips for finding the credit union that’s right for you.

Point West Credit Union’s Amy Nelson and Nick Hodson: Ready to Pay It Forward

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: Amy Nelson and Nick Hodson, co-CEOs of Point West Credit Union.

NCUA Proposal Would Revise Risk-Based Capital Requirements

Credit unions with assets of more than $50 million would be subject to revised risk-based capital requirements under a proposal announced Thursday by the National Credit Union Administration that would require a risk-based capital ratio of 10.5 percent to be classified as “well capitalized.”

Point West Credit Union Completes Net Worth Restoration Plan

Nick Hodson and Amy Nelson, co-CEOs of Point West Credit Union, announced this week that Point West has completed an approved Net Worth Restoration Plan with the National Credit Union Administration, two years ahead of schedule.

FRB Releases Regulation D 2014 Reserve Requirements

The Federal Reserve Board has announced the annual indexing of the amounts used in determining reserve requirements of depository institutions and deposit-reporting panels effective in 2014.

NCUA Releases Letter to Credit Unions Regarding Corporate Assessment

Credit unions will receive invoices next month for their 2013 Corporate Stabilization Fund Assessment. The Compliance Report details the NCUA’s plan for the year.

The Secret Sauce That Turns Members into Net Promoters

How can credit unions get the highest net promoter scores, JD Power rankings and win praise in national consumer financial magazines? Jack Antonini knows. He shared the secret sauce with attendees to the NWCUA/CUES Executive Summit.

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.

NCUA Approves Loan Participation Rule

The NCUA approved the Final Rule on Loan Participations during its board meeting Thursday. The NWCUA compliance team breaks down new details on the rule.

A Quick Look at Q1 2013: Looking Good for Northwest Credit Unions

Northwest credit unions are trending well according to an analysis of data by the NWCUA. Asset growth, ROA and net worth are increasing while charge-offs and delinquency ratios continue to decline.

NCUA’s OSCUI to Host Webinar Focusing on Net Worth Restoration Plans

The NCUA’s Office of Small Credit Union Initiatives will host a webinar tomorrow entitled, “Net Worth Restoration Plans: A Path to Recovery.” OSCUI staff will review NCUA’s capital requirements, and participants will hear from credit union staff that has gone through the net worth restoration plan process.

Compliance Question of the Week

What are permissible investments for my credit union?

Nine Things Credit Unions Must Do to Improve Net Promoter Scores

What do consumers want from their PFI? Credit union leaders attending the NWCUA Convention left with insight after Dr. Neil Goldman shared the results of the survey he conducted for the Association, in which nearly 900 consumers were questioned in pursuit of an effective credit union marketing message.

Federal Home Loan Bank of Seattle Reports Return to Profitability

The Federal Home Loan Bank of Seattle released its latest three- and six-month financial results Monday, reporting a return to profitability as well as the restoration of normal operations after suffering losses during the same periods in 2011.

Stunningly Low Net Promoter Score for Banks Surfaces in NWCUA Research

The Northwest Credit Union Association commissioned a survey of nearly 900 consumers. Renowned financial institutions consultant Neil Goldman will help credit unions understand how to leverage that research in a keynote presentation at the 2012 Convention and Annual Business Meeting