New Rules Present New Risks For Credit Union Directors

CUNA Mutual Group writes that the establishment of new fiduciary and financial literacy rules for directors of federally chartered credit unions, coupled with economic challenges and more litigation, has greatly increased personal risk exposure for credit union decision-makers.

Seattle City Council Passes Resolution to Review Banking Practices

The Seattle City Council unanimously passed a resolution on a 9-0 vote Monday that potentially could lead to the city moving its funds from big banks and into credit unions.

Twenty-Minute Online Survey Could Provide Critical Information for the Future of Credit Unions

Filene Research Institute is conducting its first North America wide study of credit union governance practices. Credit union CEOs, volunteer directors and analysts will be able to benchmark their governance practices against the best practices in the U.S. and Canada.

FTC Final Rule Bans Deceptive Mortgage Ads

The rule covers only entities over which the FTC has jurisdiction, including state chartered credit unions.

Unitus CU Recognized as Oregon Ethics in Business Finalist

Unitus Community Credit Union’s ethical business practices were recognized last week at the Oregon Ethics in Business Awards competition.

Examining Mortgage Loan Officer Compensation

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.