New Federal Application Process Could Result in More “Rural” Designations for Mortgage Lenders
Some Northwest credit unions may find mortgage lending regulatory flexibility in a new process to receive “rural” designation.
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Special Legislative Update: Washington Priority Bills Pass Houses of Origin
Priority bills addressing credit unions’ corporate governance and investments passed the Washington State House and Senate.
St. Helens Community Announces Result of Special Member Vote
St. Helens Community Federal Credit Union held a special meeting Tuesday in response to a petition to recall five of the credit union’s seven volunteer board members. More than 175 members were in attendance and a total of 1,431 ballots were received.
NWCUA Redistricting Plan Ready for Ratification
The vote to ratify the redistricting boundaries recommended by the NWCUA board of directors will take place in early February. All voting members of the Association are eligible to cast an up or down vote on the proposal.
Will the US Debt Downgrade Result in an influx of Cash Deposits in Credit Unions?
Standard and Poor’s downgrade of the U.S. credit rating is causing stress as Americans wonder whether cash deposits are safer havens for their money than the volatile stock market. This could present a challenge for credit unions.
Consideration of Bankruptcy the Result of a Poor Economy
Falling home prices, rising medical costs, and a stagnant job market are causing many families in the Pacific Northwest to struggle to keep up with their debt obligations. In this environment, bankruptcy will look like an unwanted, but increasingly attractive option.