Catalyst Corporate’s quarterly survey finds CEO confidence rebounding.
Thirty-one credit unions agree to late filing fines nationally, but none in the Northwest.
Stabilization Fund’s first positive position due mainly to projected cash flows, will not trigger refunds, says NCUA.
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.
Three Northwest credit unions are among 62 that agreed to pay penalties for filing late Call Reports, the NCUA reports.
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 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.
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.
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.
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.
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.
Your weekly update on the regulatory landscape.
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.
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.
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.
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.