Regulatory Changes for Credit Unions Expected in January

The NCUA is expected to issue four final rules on Thursday, including changes to the asset threshold that defines small credit unions, an increased response time for accepting the LICU designation and other technical changes.

CUNA Mutual Group Convenes Select Credit Union Council

Credit unions are known for working cooperatively to better the entire movement. CUNA Mutual Group tapped into that strength by forming the Select Credit Union Council, bringing together forward-thinking leaders to address the unique challenges facing small and mid-size credit unions.

Credit Union MBL Helps Radio Group Grow in Southwest Washington

A credit union MBL helped a family-owned radio station group grow its reach in the Longview-Kelso market. In a highly competitive industry, the stations own the entertainment, information and community connection categories in their community.

NWCUA Regulatory Advocacy Update: Northwest Credit Unions Respond to NCUA’s Proposed Rules

Responding to rules proposed by the NCUA in September, NWCUA Board Chair Debie Keesee and BECU’s Parker Cann urged the NCUA to consider a higher asset threshold in defining small credit unions, while Pacific Crest’s Kathie Philp suggested an alternative definition for rural district.

MBL Update: Advocates Urge Lame-Duck Congress to Support S. 2231

“We will continue to share the credit union difference with our legislators until our bill receives a vote, and we are confident that we will have the support we need when that time comes,” said NWCUA Director of Legislative Advocacy Jennifer Wagner, who is on Capitol Hill with a group of Northwest credit union advocates this week.

Spokane’s Aqua Elite Spurring Growth with Credit Union MBL

After difficulty securing financing through banks, Jessica and Mike Huey turned to a local credit union for an MBL that allowed their business to increase its visibility and improve its economic footing.

NCUA Extends Comment Deadline on Small Credit Union Definition

The NCUA has extended the deadline for comments for the proposed rule defining small credit unions after receiving only one comment during the initial 30-day comment period.

STCU Named on Great Place to Work® 2012 Best Small & Medium Workplaces List

Fortune magazine yesterday announced that STCU is one of America’s great places to work, ranking 16th nationally among medium-sized companies on the magazine’s “Great Place to Work: Best Small & Medium Workplaces” list.

Small Credit Unions May be Leaving Money on the IRS Table

Since the Affordable Care Act took effect in 2010, many small employers have been eligible for a health care tax credit created as part of the bill. One of the few Northwest credit unions to take advantage of the program received a check from the IRS for almost $7,000 for the 2011 tax year.

September 2012 Board Meeting: NCUA Board Advances Regulatory Relief for Credit Unions

The NCUA board of directors unanimously approved four regulatory relief items at its Sept. 20 open meeting, adopting three proposed rules and an Advance Notice of Proposed Rulemaking.

NCUA Proposal Would Triple Asset-Based Definition of ‘Small Credit Union’

As part of this morning’s NCUA board meeting, the agency proposed changing the definition of a “small credit union” to include those with up to $30 million in assets, up from the $10 million threshold established in 2003.

Blumenauer Vocalizes Support of MBL Bill in House as Northwest Credit Unions Hike the Hill

As Northwest credit unions join counterparts from other states for a fall Hike the Hill event, Oregon Rep. Earl Blumenauer addressed Congress in support of MBL legislation.

NWCUA to Host Small to Mid-Size Credit Union CEO Roundtable in Conjunction with NCUA Workshop

The NWCUA is holding a Small to Mid-Size Credit Union CEO Roundtable in Portland on Sept. 14, one day before a free NCUA Credit Union Workshop geared toward small credit unions.

NCUA Awards $1.4 Million in CDRLF Grants Following 77-Percent Increase in Applications

The NCUA will issue $1.4 million in CDRLF grants to more than 100 small credit unions. NCUA OSCUI Director William Myers said the NCUA saw 77-percent more applications after “a concerted effort this year to make it easier to apply for these grants.”

Boost Your Credit Union’s Card Portfolio with a Successful Business Card Program

Strategic Link business partner CSCU is offering a free webcast on Tuesday, Aug. 14, entitled, “Five Strategies to Grow Your Business Card Portfolio.” The webcast will help credit unions attract small-business members and improve profitability.

NCUA: Small Credit Unions to See Reduced Exam Hours

The NCUA confirmed that credit unions with less than $10 billion in assets will see their examination hours reduced after the Office of National Examinations and Supervision becomes operational on Jan. 1, 2013.

Top Credit Union Regulator Announces New Office of National Examinations and Supervision

Small, well-run credit unions will see less of Federal examiners starting in 2013 as the NCUA reallocates resources to focus on the largest credit unions.

NCUA Gives Notice of Changes to the Examination of Small Credit Unions

Under the NCUA’s new Small Credit Union Examination Program, small credit unions that are financially and operationally sound will have shorter examinations and more concise reports, a move intended to align resources more closely with risks.