NCUA to Seek Comments on Overhead Transfer Rate, Operating Fee in January

NCUA Chair Matz will call for a January vote to publish the methodologies for calculating the OTR and operating fee in the Federal Register, opening them for comment.

FFIEC Releases Statement on End of Microsoft Support for Windows XP Operating System

Microsoft will discontinue its support for the Windows XP operating system on April 18, 2014, and the Federal Financial Institutions Examination Council is urging credit unions to identify, assess and manage the potential risks now.

Governor Inslee Signs SB 5302, Updating Washington Credit Union Act

Improvements to Washington’s Credit Union Act have been signed into law by Governor Inslee. The legislative session is scheduled to conclude by Sunday.

Newly Approved 2013 NCUA Budget Represents 6.1-Percent Increase from 2012

The NCUA board of directors this morning approved a budget for 2013 that includes a 6.1-percent increase over 2012, much of which would fund NCUA employee pay and benefits. NCUA Chairman Debbie Matz also said no NCUSIF premium was likely to be needed next year.

John Annaloro, Architect of Washington’s Favorable Operating Charter, to Retire as NWCUA CEO

After leading the move to open the field of credit union membership and helping to create Washington State’s nationally admired state charter, John Annaloro has announced his retirement from the Northwest Credit Union Association.

Using IDC Rankings in CD Purchase Decisions

Gary Tantleff, managing director of investments for The Credit Union Advisory Group at UBS, writes about how understanding IDC rankings can be useful in an investment decision.

Washington Legislative Week in Review

The Washington State Legislature adjourned its special session last Wednesday after approving the $32.2 billion state operating budget, which swept $9m from DFI.

Credit Union High School Branches Give Teens Access to Financial Education

Northwest credit unions made it on to a distinguished top-10 list recently for the number of its credit unions operating in-school branches. Ranked seventh and ninth, respectively, Oregon boasts eight credit unions operating branches in 34 schools, while there are nine Washington credit unions operating branch offices in 25 schools across the state.