CUs Have a Chance to Influence Economic Agenda Heading Into Leadership Summit
Join leaders from across Oregon’s public and private sectors to discuss these issues and shape the agenda for the year ahead.
Anthem
NWCUA
Survey Shows Key Strengths, Challenges for Credit Unions With Engaging Members
Anthem talked to a few Northwest credit unions about how they handle member engagement, following a recent Gallup survey showing credit unions outpacing banks.
Credit Unions Urged to Complete Annual Regulatory Survey Following Most Recent Exam – Deadline or Not
CUNA’s Annual Regulatory Exam Survey no longer relies on a deadline, but that doesn’t lessen the importance of exam results, which help NWCUA advocate for membership and ensure the examination process is operating well.
Calling Oregon Credit Unions: Take Survey by Monday to Help State Increase Access to Financial Education
Oregon credit unions have an opportunity to be part of a Financial Literacy Working Group the State Treasurer is establishing in March. Fill out a quick survey by February 29 to earn a seat at this important table.
CUNA
Big Banks Driving Millennials Away With Fees
Credit unions stand to gain Millennial members as the younger generation looks for alternatives to the higher fee structures of big banks. Credit unions can capitalize with low-fee, transparent products and services.
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.
75% of Millennials Willing to Switch Financial Institutions: Experian
A recent report from the credit reporting company shows that 3/4 of Millennials are willing to switch financial institutions, often for better interest rates, better rewards, and better customer service.
Join CUNA Study to Fight Regulatory Burden
CUNA is conducting the first-ever comprehensive study on the costs to credit unions of unnecessary regulatory burden. Northwest credit unions are invited to join the study, beginning with a webinar on July 15.
Northwest Credit Unions Launch New Exam Reporting Tool
Simple new exam form lets regulatory advocates see where exam improvements are needed.
Credit Unions Can Leverage Natural Strengths to Attract Millennials, Study Shows
Whether you call them “Millennials” or “Gen Y,” one thing is clear: Consumers born since 1980 know precisely what they want in a financial institution, a new study shows, and many are finding the “outstanding customer experience” they seek at credit unions.
Umpqua Bank Files Class Action Lawsuit Against Target; Survey Asks Whether Retailer Should be Held Liable for Losses Incurred by Credit Unions and Banks
A new Portland Business Journal survey asks readers to weigh in on who should bear the financial responsibility for data-breach losses at Target and other retailers. The poll comes on the heels of a class action lawsuit filed by Umpqua Bank against the nationwide chain.
Six Steps to Improving Your Employees’ 401(k) Plan Results
Having a 401(k) is second only to health insurance on employees’ list of most important benefits. If your credit union has already taken the crucial step of having a retirement plan in place, consider these additional steps from CUNA Mutual Group to help employees make good decisions about their plans.
NW Cost of Responding to Target Data Breach Now $1.7 Million, Latest CUNA Figures Show
Updated estimates from the Credit Union National Association now put the cost of responding to the Target data breach at $1.7 million for Northwest credit unions as the average cost per affected card continues to rise. Credit unions’ cost to date nationwide: $30.6 million.
NWCUA will Use Data Breach Survey Results to Fight for Tougher State, Federal Laws
Credit unions that respond to two online surveys can help the Northwest Credit Union Association build a strong case for legislative action in the wake of national and regional data breaches that compromised the financial information of millions of consumers.
Cost of Responding to the Target Breach in the Northwest: $1.3 Million and Counting
Northwest credit unions have already spent an estimated $1.3 million responding to the massive theft of financial data from Target stores, and the preliminary results of a nationwide survey indicate that those costs could grow substantially if fraud losses mount.
Target Now Says 70 Million Customers Affected by Data Breach; Personal Information Also Stolen
Target now says that the personal information of more than 70 million customers was compromised at its stores during the busy holiday season, making the data breach one of the biggest thefts of its kind in U.S. history.
Update: CUNA Posts Online Survey to Gauge Financial Impact of Target Breach
CUNA posted an online survey today to collect information about the costs incurred by credit unions in response to the massive data breach at Target stores nationwide; Alabama State Employees Credit Union files class-action lawsuit; Target warns consumers about phishing emails.
Deadline Extended for Credit Unions to Complete Regulatory Exam Survey
CUNA and the Northwest Credit Union Association are calling on credit unions to complete the second-annual Comprehensive Survey on Regulatory Exams, saying a strong response rate will give advocates the data they need to push for improvements in the examination process.