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.
With Congress returning from a week-long district work period, CUNA called on credit unions Monday to keep up the pressure and continue to urge Congress to support increased MBL authority for credit unions.
Credit unions nationwide continue to advocate in favor of raising the MBL cap, even as the measure’s latest opponent, the Independent Community Bankers of America, takes to the Hill to speak out against the bill.
The NCUA’s Office of Small Credit Union Initiatives has scheduled 31 daylong workshops and roundtables for small credit unions this year, including one in Portland, Ore., on Sept. 15 and in Seattle on Oct. 27.
National Outreach, Local Impact: NWCUA Creates Facebook Event to Promote Grassroots Support of S. 2231
With the U.S. Senate primed to vote on credit union MBL legislation as soon as April 16, the NWCUA has created a Facebook event to share the need for vocal support from constituents across social media platforms. Read more to help spread the word!
Credit unions are diving in head first to support their local small businesses. From implanting website pop-up boxes to in-branch petitions to media outreach, the local community of cooperative financial institutions is on a quest to lend.
In building on the success of February’s Small-Business Hike, CUNA is encouraging credit union leaders to bring a local small-business owner to Hill visits during the CUNA GAC in March to continue the push to raise the MBL cap.
Calvin Goings, a longtime advocate for business in the Northwest, has been appointed the assistant associate administrator of the U.S. Small Business Administration.
The Northwest Credit Union Foundation will continue to work seamlessly following the Jan. 1 merger of the Oregon and Washington Foundations.
The NWCUAâ€™s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates on the CFPB and recent changes to the postal service.
Harborstone Credit Union CEO Phil Jones spoke on behalf of the credit union movement at Rep. Adam Smith’s Small-Business Forum last week, highlighting the capacity of credit unions to provide capital to small-business owners through increased member business lending.
The NWCUA recently completed a series of roundtables with small credit unions. Some of the hottest issues included examination practices, regulatory burdens, insurance, National Credit Union Administration (NCUA) accountability, and field of membership.
In the financial services cooperative world, there are many common threads: an emphasis on member service and social responsibility and the burden of over-regulation. Because these challenges can be even greater for small credit unions, the NWCUA will offer solutions at three regional roundtables.
This Oregon legislative update explains the interim hearings held last week by the Oregon Legislature. With a focus on legislation geared toward job creation and small-business support, the legislature also announced a number of changes to House leadership.
The NWCUA generates and monitors regulatory movement and change at the state and federal levels. The weekly Regulatory Advocacy Update keeps you informed about new developments, how the Association is working for its membersâ€”and how you can get involved.
WesCorp Will Not Emerge From Conservatorship as United Resources; Regulator Urges Member Credit Unions to Stay Put Until a Merger is Worked Out
The NCUA has announced that three corporate bridge credit unions did not meet recapitalization goals. WesCorp, US Central and SE Corporate will not emerge as new entities. A number of Northwest credit unions have already been stung by WesCorpâ€™s downfall.
With President Obama’s announcement that he will make job growth his next priority, the credit union movement is urging Congress to raise the cap on member business lending. Growth in credit union MBL programs remains on a slow trajectory with the sputtering economy.
This Federal update reviews the Federal Reserve’s next steps on the interchange issue and everything that was going on in DC last week.