2010 Department of Labor Ruling Shows Up in CFPB Final Rule

The official commentary in a new final rule from the CFPB includes hourly pay among the “permissible methods of compensation” for MLOs, meaning credit unions will have to examine their loan officers’ primary duties to determine whether they qualify for minimum wage and overtime.

Compliance Question of the Week

Does one joint owner on an account have the right to remove all of the money in the account?

Washington Legislative Update: Dissecting the Washington Primary Results

Ninety-four of 98 credit union-supported candidates advanced to the general election after last week’s Washington State primary, including congressional hopefuls Derek Kilmer and Denny Heck.

Ballots Out for Aug. 7 Washington State Primary

With the Washington State primary scheduled for Aug. 7, the NWCUA is finalizing the list of candidates it plans to support. Learn more about the candidates, the individual races and the Association’s take on the coming elections.

What Does It Mean to Be a ‘Primary Financial Institution?’

Jeff Russell, president and CEO of TMG Financial Services and a keynote speaker at the NWCUA’s 2012 Convention, explains how times have changed for credit unions, and how they can use a challenging economy as an opportunity to build membership.

Oregon’s ‘Quiet Primary’ Includes Several Notable Races

Ellen Rosenblum won Oregon’s Democratic primary for attorney general, one of several important races across the state.

Oregon Legislative Update: May Primary Election Looms Large

This Oregon Legislative Update outlines the state’s upcoming primary election, detailing the attorney general race as well as a number of ballot measures that could potentially impact credit unions.

Oregonians Face Numerous Decisions in May 15 Primary

All five U.S. representatives, all 60 state representatives, 14 state senators and numerous other statewide positions will face the ballot this year in Oregon, and the first step toward election comes in the form of the May 15 primary.

Compliance Question of the Week

What does “Immediate Family Member” mean in our field of membership?

Bonamici Wins Democratic Primary, Faces Cornilles in General Election

Sen. Suzanne Bonamici and Republican Rob Cornilles won their respective primaries by wide margins in Oregon’s special House election. The two will now square off in a general election on Jan. 31, 2012.

Candidates Off and Running to Replace Oregon Congressman Wu

A primary election is scheduled November 8th to begin the process of replacing Oregon Congressman David Wu. A general election will follow January 31st. Wu’s resignation became effective at 11:59 Wednesday night, after he resigned in the midst of a scandal.

Examining Mortgage Loan Officer Compensation

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

Examining Mortgage Loan Officer CompensationCopy

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