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.

Linn-Co FCU Puts Positive Tone on School Year for Students in Need

The credit union helped 300 underprivileged kids get ready for school by sponsoring a school supply “shopping spree” together with other leading community organizations.

Stabilization Fund Reports First Positive Balance

Stabilization Fund’s first positive position due mainly to projected cash flows, will not trigger refunds, says NCUA.

Wegner Winner Gary Oakland: ‘It Was About Making a Positive Difference’

Retired BECU President/CEO Gary Oakland says he looks back on his 38-year credit union career and hopes “that I made a positive difference.” But Oakland, winner of the 2014 Herb Wegner Memorial Award for Lifetime Achievement, needn’t worry. Evidence of his impact is everywhere.

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.

Oregon Employees FCU Piloting Prize-Linked Savings Alternative

Oregon Employees Federal Credit Union is part of a group of credit unions across the country piloting the SaveUp program, a prize-linked savings alternative initiated by Filene Research Institute.

Seattle Metropolitan Credit Union Presents Co-opalooza, a Celebration of the Cooperative Model

Seattle Metropolitan Credit Union has organized Co-opalooza to promote the cooperative model that is central to the credit union movement. More than 20 different cooperatives will work together to promote their organizations and ideals at the carnival-like event.

Compliance Question of the Week

What is considered positive owner contact that would prevent an account from going dormant?

Bankrate’s First Credit Union Study Sees Positive Signs

Bankrate’s 2010 Credit Union Study, the first of its kind for this financial services research company, indicates that despite speculation that free checking may disappear from many national banks, the consumer-friendly practice is very much alive and well at credit unions.