Division of Credit Unions Releases Compliance Examination Program

A new bulletin from the Washington State Department of Financial Institutions’ Division of Credit Unions explains an enhanced compliance examination program that will affect Washington State-chartered credit unions with assets of more than $500 million.

Inherited IRA is Insured, but Tax Issues Can be Complicated, says NCUA

According to the June 6 letter, the NCUA’s regulations provide share insurance coverage for a member’s IRAs up to $250,000 that is separate from the member’s other accounts at the same credit union.