Financial Impact of Regulation on Oregon, Washington Credit Unions: $306 Million

The financial impact of regulation for Northwest credit unions was $306 million in 2014 alone, according to just released analysis from the Credit Union National Association.

CO-OP Surpasses 3 Billion Annual Member Payment Transactions

Company sets new record in 2014 for transactions processed, hitting 276 transactions per second in December.

CFPB Report on Small Debit Purchases and Overdraft Charges

The CFPB is concerned about how consumers will be impacted by opting in to overdraft services for one-time debit card and ATM transactions. Also in the Compliance Center: legal briefs and the question of the week.

As Not-for-Profit Cooperatives, Credit Unions Leverage Corporate Tax Exemption for Member Benefit

Now is the time for credit union leadership to educate boards, staff, members and legislators about the structure, value and impact the credit union charter delivers to the members and communities served. The credit mnion message is supported by strong data.

Change-in-terms Notice Deadline Approaching for Credit Card Disclosures

With authority for Regulation Z having been transferred to the CFPB, the CFPB’s website must be listed in the Credit Card Account Opening disclosure beginning Jan. 1, 2013.

Survey Turns Conventional Prepaid Card Wisdom on its Head

New survey results indicate that prepaid cards may not be strictly for the young and unbanked, as many middle- and upper-income consumers reported an interest in using prepaid cards provided by their bank or credit union.

Legal Briefs

Your weekly update on the regulatory landscape.

Sprint Program Pays Credit Unions to Help Their Members Save

In this economically challenging time, Sprint’s Credit Union Member Discount Program provides a simple way for your credit union to improve its bottom line and enhance the value of membership.

Compliance Question of the Week

Can a credit union provide life insurance for its board members?

Increased Bank Fees Leading to Swell in Credit Union Membership Inquiries

A survey of Northwest credit unions shows that local consumers are responding to escalating bank fees by joining credit unions.

Membership Movement: New Bank Fees Driving Renewed Consideration of Credit Unions

The court of public opinion says banks have erred in their belief that consumers would accept new fees sitting down. As those potential members stand up, are credit unions ready to move them to a better choice?