NCUA Notes: State-Level Quarterly Report Shows NW CU Strength

Northwest credit unions continue to lead the way by many metrics, according to the NCUA quarterly report released last week.

TwinStar Member Wins $5,000 Save to Win Prize

Duane M., who said he never wins anything, said he’ll use the money to pay things off and boost his savings.

Save to Win Builds Momentum; Awards First Quarterly Cash Prize Drawing

Save to Win’s first quarterly cash prizewinner thought she was coming to her credit union to pick up a check for $50. What she heard from the branch manager instead was life- changing.

CFPB Punishes Mortgage Company for Steering Customers to More Pricey Loans

The CFPB has cracked the whip on a Utah mortgage company which allegedly incentivized loan officers for steering consumers into high-interest loans.

CFPB Updates Procedure for Submitting Credit Card Agreements

To lessen the collection burden, the CFPB has updated the quarterly card agreement collection process, giving issuers the option to send information to the CFPB by email.

Generate Non-Interest Revenue Through the Sprint Credit Union Member Discount Program

Sprint’s Bob Bearden writes that Sprint’s Credit Union Member Discount Program can help credit union members save money on their cell phone bill—and make money for their credit union.

Compliance Calendar

Regularly updated with information about comment letter deadlines, effective dates of regulations, deadlines for reporting, and other important compliance dates.