Metsger Named Vice Chair, NCUA

Rick Metsger, a native Oregonian and former Portland Teachers Credit Union board member, has been named vice chairman of the NCUA. The announcement was made by Chairman Debbie Matz Monday.

Merkley to Matz: Listen Carefully to Credit Unions’ Concerns

Oregon Senator Jeff Merkley, in a letter to NCUA Chair Debbie Matz, supported credit unions’ concerns with the regulator’s proposed risk-based capital rule. Merkley noted current capital regulation is “a source of strength for their balance sheets.”

NCUA Fines Five Northwest Credit Unions for Late Call Reports; NWCUA Urges Regulator to Improve its Filing System

The NCUA made good on its threat to fine credit unions for filing late Q1 call reports. Five Northwest credit unions are among those being hit with financial penalties.

NWCUA: We Will Continue to Advocate for a Better Rule

The NCUA will continue to hear an earful of objections to its proposed Risk-Based Capital rule. The NWCUA outlines a number of venues for more input this summer.

NASCUS Honors BECU’s Cann with 2013 Pierre Jay Award

Parker Cann, senior vice president and general counsel for BECU, has been awarded the 2013 Pierre Jay Award by the National Association of State Credit Union Supervisors (NASCUS).

Washington Regulator Begins Rule Work on Credit Union Act

With the updated Washington Credit Union Act scheduled to take effect July 28, the next step is for the state regulators to establish a work plan and define the rules for certain provisions in the law. One key priority is defining “reasonable” director compensation. That process moves forward June 20.

Be Successful in the Year Ahead: What You Need to Know from Your Regulator

On Jan. 24 from 10-11 a.m., the Washington Government Affairs Committee will be hosting a regulatory panel discussion featuring Scott Jarvis, Linda Jekel, Scott Hunt and Mike Dyer. All credit union employees interested in the rapidly changing regulatory environment are invited to attend.

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.

Regulator Meets Regulated at NCUA Listening Session in Denver

NWCUA representatives were on-hand along with credit union representatives from throughout the western states for the final NCUA Listening Session, led by NCUA Chairman Debbie Matz in Denver on Tuesday.

Gene Metz, Beloved Former Credit Union Regulator, Dead at 76

Gene Metz, a former credit union supervisory examiner whose word, according to his contemporaries, was worth its weight in gold, died Wednesday, March 7, at the age of 76.

NCUA Appoints Gary Jester to Serve as CEO at Chetco FCU During Conservatorship

The NCUA has appointed veteran CEO Gary Jester to lead Chetco FCU’s conservatorship. Jester, who recently led Rapid City Telco FCU through a similar situation, will work with the NCUA and Chetco staff to determine the best course of action to serve Chetco’s more than 32,000 members.

WesCorp Will Not Emerge From Conservatorship as United Resources; Regulator Urges Member Credit Unions to Stay Put Until a Merger is Worked Out

The NCUA has announced that three corporate bridge credit unions did not meet recapitalization goals. WesCorp, US Central and SE Corporate will not emerge as new entities. A number of Northwest credit unions have already been stung by WesCorp’s downfall.

WesCorp’s Top Guns to Face Trial in Suit Brought by Regulator

A federal court ruling dismisses negligence charges against directors of WesCorp but key executives still face trail in a civil suit claiming their actions caused the huge corporate to fail.

NWCUA: Oregon’s DCBS Fee Increase Proposal Necessary—Temporarily

Oregon credit unions will likely be paying more fees than expected in 2011 to the Department of Consumer and Business Services, the primary regulator of credit unions in Oregon, due to a budget shortfall caused by market forces.

National Industry News: Ex-NCUA Chairman Johnson takes on Iowa CU oversight

The Iowa Division of Credit Unions will soon be led by former National Credit Union Administration Chairman Joann Johnson. Johnson served the NCUA for a total of six years starting in 2002, and led the agency for her final four years.