South Sound, Salem & Vancouver CUs: Host a Town Hall

Help shape the Northwest Credit Union Movement’s engagement strategy for 2017 by hosting a valuable, intimate discussion among credit union leaders in the coming year.

Sound CU CEO Richard Brandsma Looks Back

Sound Credit Union President & CEO Richard Brandsma retires after nearly four decades of strong, principled leadership with the Credit Union Movement. Anthem talked to him about his beginnings, challenges, and how he almost chose a career as a tax collector with the IRS.

News & Notes: Here’s What’s Happening Around the Northwest

Sound opens West Seattle Branch; Gesa will match donations for Habitat for Humanity through December 24.

News & Notes: Here’s What’s Happening Around the Northwest

Former Plaza Bank CEO joins Harborstone as SVP; Port of Seattle Federal completes merger with Sound.

Northwest Credit Unions Recognized as Best of the Best

Two more Northwest credit unions have been recognized for their outstanding achievements—Columbia Credit Union for workplace excellence and O Bee Credit Union for business philanthropy.

Port of Seattle Federal Credit Union Announces Plans to Merge With Sound Credit Union

Leaders from both credit unions agree that the merger is the best way to serve Port of Seattle members.

Sound Credit Union and Darigold Federal Credit Union Complete Merger

Year-long merger completes final step with DFCU accounts and services integrated into Sound.

Darigold Federal Credit Union Members Approve Merger with Sound Credit Union

Darigold Federal Credit Union members have voted to approve a merger with Sound Credit Union and the consolidation is now expected to be finalized on Nov. 1, the credit unions announced this week.

Darigold Federal Credit Union Announces Plans to Merge Into Sound Credit Union

Darigold Federal Credit Union and Sound Credit Union announced today that they will merge later this year, pending regulatory approval and a vote by Darigold’s members. If approved, the consolidation would be the 15th merger for Sound in the past couple of decades.

Making Lives Better: Summit Award Winners Share A Deep Commitment to the Members They Serve

You can talk about how much they love their work. Or how proud they are of what they‘ve accomplished. You can even talk about innovation and their visions for the future. But spend five minutes with Rick Brandsma, Rick Hein, or Jill Nowacki and see if the conversation doesn’t somehow come back around to three simple words: making lives better.

Don’t Tax My Credit Union Spotlight: Sound Members Sound Off to Congress

Credit union members signed up en masse to support the credit union tax exemption and the benefits it brings to Main Street. Northwest credit unions offered in-branch opportunities to sign petitions for two weeks in July.

NCUA Updates Exam Guidance on Loan Workouts, Nonaccrual, TDR Reporting

In a letter issued last week, the NCUA shared with credit unions the same TDR guidance it shared with its examiners, describing in detail how examiners will apply the regulatory improvements approved last year by the NCUA board of directors.

Sound’s Brandsma Honored as Business Leader of the Year

Richard Brandsma, president and CEO of Sound Credit Union, has been named the Business Leader of the Year by the University of Washington Tacoma Milgard School of Business.

Gary Oakland to Join Ranks of JA Puget Sound Business Hall of Fame

Former BECU President and CEO Gary Oakland will be inducted into the Junior Achievement Puget Sound Business Hall of Fame next month in honor of his “lasting impact on the region’s business and society.” Tickets are available to the induction dinner, with proceeds benefiting Junior Achievement programs in Washington.

Growing Mortgage Loan Portfolios Prompt New Regulations, Increased Scrutiny

Mark DeBree, director of Catalyst Strategic Solutions’ ALM Service and a featured presenter at the 2012 NWCUA Convention and Annual Business Meeting, discusses increasing examiner concern about rising real estate loan and IRR exposure.

Financial Regulators Release Interest Rate Risk FAQ

The Federal Financial Institutions Examination Council has reiterated “the need for sound management of interest rate risk” and highlighted sound practices in a new FAQ document.

A Community Embraces Their New Credit Union

After being open only four months, PSCCU’s newest branch located on Vashon Island, Wash., has proven that the credit union philosophy of “people helping people” really means something these days.

Member & Chapter News

Mega-merger creates $1bn CU in WA, plus the Association launches a brand new Chapter website.