Under certain circumstances, credit unions may now make member business loans without requiring a personal guarantee.
Governor Kate Brown signed HB 4094 into law on March 29. NWCUA lauded the news as an “important first step” for credit unions looking to provide financial services to legal marijuana businesses.
NCUA Vice Chair Rick Metsger isn’t fazed by bank lobby claims the regulator is overstepping its authority. Metsger said “90 percent” of regulatory changes credit unions want to better serve their members, NCUA can provide.
How one credit union’s extraordinary personal service won over a loyal member not just for life, but for generations.
Washington’s first legal pot shops are opening their doors this week. Customers are lining up, but financial institutions are not.
Numerica Credit Union’s Carla Altepeter: Opening Accounts for Marijuana Businesses is ‘In the Best Interests of Our Members and Their Communities’
With 2013 in the rear-view mirror, Anthem asked Northwest credit union presidents and CEOs to reflect on the past, consider what lies ahead and talk about the challenges — and the opportunities — that await credit unions in 2014. Today: President/CEO Carla Altepeter talks about Numerica Credit Union’s decision to become the first Washington financial institution to open accounts for licensed marijuana growers and processors.
Comply with NCUA Regulations and Still Grow a Loan Portfolio? Lending Insights Webcast will Explain How
Can a credit union successfully meet compliance standards and still experience loan portfolio growth in 2014? It’s absolutely possible, Lending Insights says, and the Strategic Link partner is hosting two webcasts to show how.
The federal government has decided not to challenge state marijuana laws, but credit unions still will have to comply with reporting requirements when they open accounts for marijuana businesses.
Media reports this week spotlighted the increasing fees consumers are paying for NSF checks, however, a study shows credit unions impose such fees much less frequently than banks.
Credit unions continue to receive inquires about opening business accounts for businesses in Washington’s newly legal marijuana industry. But federal structure has not been determined and credit unions are advised to wait for clear guidance before accepting the accounts.
The passage of I-502 in Washington last November has prompted extensive discussion regarding how credit unions should handle requests to open a business account for a business in the newly legal “marijuana industry.” The NWCUA’s David Curtis offers several factors to consider before deciding whether or not to bank these types of businesses.
To lessen the collection burden, the CFPB has updated the quarterly card agreement collection process, giving issuers the option to send information to the CFPB by email.
A five-alarm fire that destroyed a vacant hotel in North Portland early Sunday morning will have no impact on the NWCUA’s 2012 Convention and Annual Business Meeting. Lodging on the Convention site is full, but new overflow options are available for attendees.
The White House announced yesterday that it has withdrawn the nomination of Carla Leon-Decker to join the NCUA board of directors. Meanwhile, the NCUA reached settlement in its suit filed against HSBC, recovering $5.25 million.
Last fall’s Bank Transfer Season resulted in increased membership and greater public awareness of credit unions, even among legislators, with many officials pushing to deposit public funds in credit unions as part of broader support for the movement.
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.
Is a credit union considered a federal contractor for affirmative action purposes when it is authorized to issue savings bonds? And since we will no longer issue savings bonds starting on Jan. 1, 2012, do we still need to have an affirmative action plan?
Wine on the Willamette Tickets Still Available; Credit Unions for Kids Fundraiser to Showcase Outstanding Wines
Unitus Community Credit Unionâ€™s fourth annual Wine on the Willamette event will benefit Credit Unions for Kids and the Childrenâ€™s Miracle Network Hospitals. Tickets are still available for the gala, which is being held on the Willamette Star, a 98-foot yacht.