Credit Union CEO Confidence Hits Highest Annual Level Since Recession

Catalyst Corporate’s quarterly survey finds CEO confidence rebounding.

No Late Filing Fines for Northwest Credit Unions

Thirty-one credit unions agree to late filing fines nationally, but none in the Northwest.

Stabilization Fund Reports First Positive Balance

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

Late Call Reports Decline, But Fines Forthcoming

The NCUA reported Monday that 75 credit unions were late in filing their call reports. NWCUA members who filed late with good reason are encouraged to contact the Association.

62 Credit Unions Agree to Late-Filing Penalties

Three Northwest credit unions are among 62 that agreed to pay penalties for filing late Call Reports, the NCUA reports.

Northwest Credit Unions Post Stronger Loan Growth than Banks in Q3

Northwest credit unions recorded greater asset growth, greater loan growth and a slightly higher ROAA than the region’s banks in the third quarter of 2013, an analysis by the Northwest Credit Union Association shows.

Northwest Credit Unions Show Strong Growth in Q3

Northwest credit unions are on the right course, an analysis of national data by the NWCUA shows, with asset growth, ROAA and net worth all increasing during the third quarter of 2013. At the same time, charge-offs and delinquency ratios continue to decline.

Credit Union CEOs Looking At Economy through Rosier Glasses

According to Catalyst Corporate Federal Credit Union’s quarterly CU CEO Confidence Index, credit union CEOs are becoming increasingly confident that the economy is on the mend.

Escheatment Skews Net Membership Data

While invaluable to the credit union movement, the 80-plus years of certified NCUA data is focused on net values and does not adjust for escheatment, resulting in an imperfect picture of real membership gain.

Mortgage-fraud SARs Increased in the Third Quarter of 2011

FinCEN recently reported that 19,934 mortgage loan fraud SARs were filed during the third quarter of 2011, representing a 20-percent increase over 2010’s third-quarter total and 10 percent of all SARs filed during the quarter.

Credit Unions Add 1.3 Million Members in 2011, Including 400,000 in 4th Quarter

The NCUA reported that U.S. credit unions experienced a net gain of 1,344,936 members in 2011, with nearly 125,000 of those members joining in Oregon and Washington.

Legal Briefs

Your weekly update on the regulatory landscape.

Second Quarter Mortgage Loan Fraud Suspicious Activity Persists

According to a recent report by FinCEN, mortgage loan fraud suspicious activity reports for Second Quarter 2011 nearly doubled from the number reported in the same quarter of 2010.

Rating Agencies Call One-Fourth of Northwest Banks Problematic

Bauer Financial and Highline Financial found that 24 percent of Washington-based banks and 16 percent of Oregon-based banks are considered problematic or troubled.

Quarter of NW Banks Problematic, say Rating Agencies

Bauer Financial and Highline Financial found that 26 percent of Washington-based banks and 20 percent of Oregon-based banks are considered problematic or troubled.

Advantis Ranked Top Credit Union in the Nation for Providing Value to Members

This marks the seventh time overall that Advantis has been ranked number one and the credit union consistently ranks in the top two percent in the nation in returning financial value to members.