National Speakers Bring Operational Efficiencies, Employee Engagement and Inspiration to Northwest

Northwest credit union leaders heard some candid messages from management specialists Joseph Prunty and Michael Neill at the Small Credit Union Roundtable and NWCUA/CUES Leadership Symposium events last week. Attendee takeaways: balancing focus on profitability with focus on employee engagement.

Small Credit Union Roundtable, NWCUA/CUES Leadership Symposium Will Explore Talent Wars and Operations Efficiencies

Nationally acclaimed experts and Northwest credit union leaders will outline clear strategies for credit unions to win talent-recruiting wars and leverage regulatory and revenue opportunities Nov. 5-6 at the Small Credit Union Roundtable and NWCUA/CUES Leadership Symposium.

Oregon Senate Approves Funding Package, Ends Special Session

Oregon Gov. John Kitzhaber is expected to sign a package of five bills aimed at providing more money for education, senior programs, and other state services after the state Senate gave its approval Wednesday to the legislation.

DelBene to Co-sponsor Credit Union Small Business Job Creation Act

U.S. Rep. Suzan DelBene will become the second member of the Washington delegation to co-sponsor the Credit Union Small Business Job Creation Act when Congress reconvenes in the nation’s capital next week.

Legal Briefs

Your weekly update on the regulatory landscape includes an invitation for small credit unions to learn about small business lending opportunities.

SBA Launches New Web Tool to Educate Business Owners about the Affordable Care Act

The SBA has issued a resource tool regarding the Affordable Care Act that may be helpful to credit unions and small businesses considering their health care options. The Compliance Center provides all the convenient links.

Northwest Credit Unions Step Up to Loan to Main Street Businesses

Northwest credit unions grew their member business lending category 7.5% in Q1. Still, more than 500 credit unions nationally are at or nearing the 12.25% Congressionally-imposed lending cap. Meanwhile, the nation’s largest banks, facing fewer regulatory limits, hold onto the lion’s share of the market.

New NCUA Video Details Services Available to Small Credit Unions

A new video from the NCUA could help small and low-income designated credit unions find programs that will help them meet member and community needs. The video showcases resources offered by the Office of Small Credit Union Initiatives.

CFPB Issues Two Final Mortgage Rules

The CFPB has issued two final rules updating mortgage rules. One delays implementation of the rule prohibiting financing insurance premiums on transactions insured by dwellings. The other facilitates access rules exemptions for small creditors, community development lenders and housing stabilization programs.

Small Business Health Care Tax Credit filing deadline is May 15

Small credit unions should take advantage of the Small Business Health Care Tax Credit by May 15th. It can provide an unexpected windfall worth thousands of dollars.

Capital Access Program Connects Lenders with Small Businesses in Need

As credit unions continue to advocate for increased MBL capacity, the CAP program, a government-funded initiative available to financial institutions on a state-by-state basis, can help credit unions connect with small businesses in need of loans while offsetting some of the accompanying risk.

Washington Legislative Week in Review: Bills Continue Steady Progress as Deadlines Draw Near

With Friday looming as the deadline for bills to pass out of committee and into Rules, several credit union bills continued to progress in the Washington State Legislature, including legislation addressing board governance, financial literacy and payday lending.

Rep. Denny Heck: Credit Unions will Help Americans Reclaim the Dream

Denny Heck, newly elected Congressman serving Washington’s 10th District, called on his credit union roots to win over credit union advocates at the CUNA GAC. Heck addressed the General Session Tuesday morning and was introduced by NWCUA President and CEO Troy Stang.

NCUA’s OSCUI to Host Webinar Focusing on Net Worth Restoration Plans

The NCUA’s Office of Small Credit Union Initiatives will host a webinar tomorrow entitled, “Net Worth Restoration Plans: A Path to Recovery.” OSCUI staff will review NCUA’s capital requirements, and participants will hear from credit union staff that has gone through the net worth restoration plan process.

MBL Bill Introduced in House, Supplemental Capital Bill Expected Today

A bill that would more than double the MBL cap was introduced in the House of Representatives this morning, and another that would give credit unions access to supplemental capital is expected to be introduced in the House this afternoon.

NCUA to Award $50,000 Grant to Low-Income Credit Union

The NCUA’s Office of Small Credit Union Initiatives is seeking grant proposals from low-income designated credit unions that will result in long-term savings to a credit union through collaboration. The winning credit union will receive $50,000 in grant funding.

Legal Briefs

Your weekly update on the regulatory landscape.

Small Credit Union Threshold Raised to $50 million After Successful Advocacy Efforts

The NCUA amended the definition of “small entity” today, raising the threshold from $10 million to $50 million in assets. The final rule marks the first time in 10 years the NCUA has revised the small credit union definition.