Advocacy News
24 NW CUs Secure Nearly $249,000 in NCUA Grants
The grants allow for increased capacity to serve members, and cover four categories: capacity and growth, cyber security, staff training, and student internships.
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Washington Legislature Reviews Tax Exemptions, Budget Proposals
Washington lawmakers are taking a close look at tax exemptions in the final weeks of the 2016 regular session.
Thirteen Northwest Credit Unions Receive Over $120k in NCUA Grants
The grants for low-income credit unions support digital growth, new product and service development, fraud prevention and cybersecurity, and building capacity and growth.
Washington Legislative Update: Two Credit-Union-Supported Bills Awaiting Vote
As deadline looms, the House and Senate are busy hearing and voting on bills, including two supported by the NWCUA.
Washington Legislative Update: Credit Union Bill Receives Important Recommendation
As NWCUA-sponsored bill receives ‘do pass’ recommendation, House Democrats expected to release operating budget.
Washington Legislative Update: Credit Union Bills Await Floor Vote
As credit union advocates gathered en masse at the capitol, credit union bills passed out of committee.
Washington Legislative Week in Review, Feb 9-13
NWCUA-sponsored bills receive hearing, now face Friday deadline.
Washington Legislative Week in Review, Jan 19-23
Northwest credit union legislative agenda is on track after second week of Washington legislative session.
Expect New RBC Proposal January 15
NCUA Chair Debbie Matz plans to unveil a revised RBC proposal at the board’s January 15 open meeting.
Washington Credit Unions get CDFI Grants Totaling Over $3 Million
The CDFI Fund awarded grants to two Washington credit unions for work with underserved market niches, community development.
News & Notes: Here’s What’s Happening Around the Northwest
Eight Northwest credit unions named among the nation’s healthiest; BECU awards $100,000 to nonprofits; USAgencies Credit Union launches social media campaign supporting Credit Unions for Kids; Verity Credit Union marketing chief sings national anthem at a Mariners game.
Who Do You Love? STCU Members Respond in Droves to Contest Benefiting Nonprofits
STCU asked community members to help decide which nonprofits should receive donations in a unique online promotion called “Who do you love?” The results were overwhelming.
Sprint Discount Program a Big Win for Credit Unions & Members
Thirty-six Northwest credit unions shared more than $200,000 in non-interest income last year, thanks to their participation in the Sprint Discount program. For some participants, the result was a bonanza as high as nearly $24,000.
Compliance Question of the Week
What happens if a tax refund was automatically deposited into the wrong account?
Washington Legislative Week in Review: Bills Continue Steady Progress as Deadlines Draw Near
With Friday looming as the deadline for bills to pass out of committee and into Rules, several credit union bills continued to progress in the Washington State Legislature, including legislation addressing board governance, financial literacy and payday lending.
Credit Union Advocates Flock to Olympia as Committees Discuss Board Governance Bills
Credit unions were on full display last Thursday in Olympia, as hearings on NWCUA-sponsored bills coincided with Credit Union Day at the Capital and the accompanying Financial Reality Fair.
Credit Unions Still Receiving IRS Threats to Tax Status
Credit unions that receive a letter from the IRS notifying them of a possible revocation of their tax-exempt status should not ignore the letter—even though it may have been sent erroneously.
Linda Jekel Receives NASCUS Pierre Jay Award for Service
Washington credit union regulator Linda Jekel has received the national Pierre Jay award from the National Association of State Credit Union Supervisors. The honor was presented in Denver this week.