NWCUA Backed Bills Advance in Oregon Legislature as Major Deadline Approaches
The Northwest Credit Union Association and member credit unions are at the table in Salem, supporting policy advancements in marijuana banking and data match legislation.
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Financial Impact of Regulation on Oregon, Washington Credit Unions: $306 Million
The financial impact of regulation for Northwest credit unions was $306 million in 2014 alone, according to just released analysis from the Credit Union National Association.
Scammers Targeting Oregon Taxpayers with Threatening Payment Demands
A sophisticated phone scam is targeting Oregon taxpayers during this tax season, telling victims they owe money to the IRS or Oregon Department of Revenue and demanding immediate payment via debit card or wire transfer.
Compliance, Revenue, Customer Service: How Two Credit Unions Made One Choice and Got All Three
New opt-in requirements for overdraft protection on electronic transactions had two credit unions worried about compliance, member services, and lost income.
Kitzhaber Calls Oregon Legislators Back to Special Session
Oregon Gov. John Kitzhaber has called legislators back to Salem for a special session beginning Monday, Sept. 30. On the agenda: an agreement between the governor and legislative leaders to increase school funding by $140 million. The special session comes on the heels of the last week’s Interim Legislative Days, when the Oregon Legislative Assembly held three days of “informational hearings” on legislation that passed in 2013.
U.S. District Court Delivers a Blow to Financial Institutions
A U.S. District court ruling strikes down the Federal Reserve’s price caps on debit interchange fees. The ruling could be devastating for some financial institutions. The NWCUA is working with CUNA to determine next steps.
Advocacy News
Breaking News: Credit Unions are a “Tax Reform Option” According to Senate Finance Committee
In breaking news from the Senate Finance Committee, credit unions were listed as a “tax reform option.” The release of the report naming credit unions specifically as a source of revenue sounds a high-priority advocacy alarm.
Oregon Revenue Package Due Thursday
With a goal of ending its session by early July at the latest, the Oregon Senate is working to finalize a revenue package that will pass both chambers. Meanwhile, a freshman lawmaker shares insight into the complicated process of getting legislation passed.
Committee Deadline Passes in Oregon Legislature
The Oregon Legislature has a more focused agenda for consideration, now that the April 18 deadline has passed for bills to move out of committee or die without hearings.
Washington Legislative Week in Review: Revenue Forecast Predicts Unexpected Surplus
The March revenue forecast released last week by the Washington Legislature’s non-partisan Economic & Revenue Forecast Council projects the state to have $40 million more in revenue over the next two fiscal years than originally projected.
Two House Bills Impacting Credit Unions Introduced in Oregon
More than 1,200 bills were introduced yesterday in the Oregon Legislature, including two at the request of the House Interim Committee on Revenue with potential ramifications for credit unions.
Credit Union Tax Exemption Expected to Come Before Congress in 2013
“Congress will put everything on the table as part of a larger tax reform discussion,” said NWCUA Vice President of Legislative Advocacy Jennifer Wagner. “We anticipate that protecting our federal tax exemption will be front and center on our legislative agenda next year.”
Filene Card Reward Pilot Aims to Increase Revenue, Usage and Membership Growth
The Filene Research Institute is studying the benefits of adding to or changing a unique card reward program. Find out how—and to what extent—your credit union can differentiate your debit and credit cards to increase interchange revenue and drive enrollments and transactions through a free webinar on Nov. 7.
2011 in Review: What the Changing Environment Means for Credit Unions
JMFA offers suggestions for minimizing expenses in 2012 without sacrificing quality member service.
2011 in Review: What the Changing Environment Means for Credit Unions
JMFA offers suggestions for minimizing expenses in 2012 without sacrificing quality member service.
Oregon Legislative Update
This Oregon legislative update outlines the latest state revenue forecast and explains the ramifications of Measure 67.
JMFA Webcast Offers Concrete Strategy to Attract Members, Grow Non-Interest Income
JMFA is offering a free webcast to help credit unions leverage the current financial climate to attract new members and grow non-interest income.
Boosting Fee Income Can Lead to Increased Market Share
John M. Floyd & Associates offers strategies for increasing revenue and growing membership through a renewed focus on building primary relationships around checking accounts.