Action Request: Comments Needed for Second FOM Proposal

NCUA recently published a second field of membership proposal, with comments due December 9.

NCUA OK’s Revised Field of Membership Rule & Issues Second Proposal

Praised by Your Association, it is a long-advocated effort for regulatory relief for credit unions.

Compliance Center: Washington State DOR to Require Electronic Filing of Unclaimed Property Reports

Get the details on the DOR’s electronic filing; your question answered about the CFPB’s new Closing Disclosure; plus legal briefs.

Washington Legislative Update: Budget Gridlock Forces Second Special Session

The Washington State Legislature ended its special session without reaching critical budget agreements. They now begin a second special session.

NCUA to Propose Revised RBC Rule, Open Second Comment Period

NCUA Chairman Matz says that the new proposal will include a longer implementation period and revised risk-weights, and trigger a second comment period.

Matz Committed to “Warranted” RBC Changes

Responding to Rep. Holding, Matz says that changes are in development, second comment period dependent on changes.

Legal Briefs

Your weekly update on the regulatory landscape.

Compliance Question of the Week

Where can we find the home ownership counseling list?

NW Credit Unions’ Foreclosed Real Estate Balance Drops 32 Percent in Q2

Northwest credit unions improved their foreclosed real estate balance by 32 percent in Q2. The foreclosure performance is another round of positive news about the financial health and strength of credit unions in the region.

Biz Kid$ Wins Second National Emmy Award

Biz Kid$—the financial literacy television program for students, has been honored with a national Emmy Award. The program was founded in Seattle with financial backing from Northwest credit unions.

North Coast’s ‘Giving Mob’ to Rally Spontaneous Community Support

A follow-up to last fall’s Cash Mob, which benefited Lydia Place, a Bellingham-area charity, North Coast Credit Union will conduct a ‘giving mob’ on April 5, asking for donations at all area Woods Coffee locations to benefit Rebound of Whatcom County.

Appraisals: A Tale of Two CFPB Proposals

The CFPB has issued two rulemaking proposals regarding appraisals, both of which come as a product of the Dodd-Frank Act.

City of Portland Releases Second Investment Portfolio Summary Since Making ‘Responsible Banking’ Deposits

The city of Portland has released its second Investment Portfolio Summary since making its first public funds deposits with a group of 10 credit unions and banks in May as part of Mayor Sam Adams’ Responsible Banking Resolution.

Member Business Loan Helps Couple Open Second Restaurant

A Seattle couple financed their dream and hired 14 employees with a Member Business Loan from Harborstone CU. Balwant and Maninder Bahia now own two Subway restaurants.

Linn-Co Honored with Second Place National Dora Maxwell Award

Linn-Co Federal Credit Union stepped into the national spotlight at the CUNA Awards Reception in Washington, D.C., Wednesday. The Lebanon, Ore., credit union was recognized for its outreach to underprivileged school children in the community.

Second Quarter Mortgage Loan Fraud Suspicious Activity Persists

According to a recent report by FinCEN, mortgage loan fraud suspicious activity reports for Second Quarter 2011 nearly doubled from the number reported in the same quarter of 2010.