The recognition grades credit unions on key financial factors such as deposit growth, capitalization, and loan to reserve ratios.
Learn how you can better prepare for this year’s examinations; your question answered about contracts for third party services; plus this week’s legal briefs.
See all the NWCUA’s compliance resources; your question answered on contracting third party vendors; plus this week’s legal briefs.
Thirty-one credit unions agree to late filing fines nationally, but none in the Northwest.
Northwest credit unions recorded greater asset growth, greater loan growth and a slightly higher ROAA than the region’s banks in the third quarter of 2013, an analysis by the Northwest Credit Union Association shows.
Northwest credit unions are on the right course, an analysis of national data by the NWCUA shows, with asset growth, ROAA and net worth all increasing during the third quarter of 2013. At the same time, charge-offs and delinquency ratios continue to decline.
The Office of the Comptroller of the Currency recently released updated guidance for national banks and federal savings associations for assessing and managing the risks associated with third-party relationships. The guidance does not directly apply to credit unions, but they still may find it useful.
What do we need to do when contracting with a third-party vendor?
Microsoft will discontinue its support for the Windows XP operating system on April 18, 2014, and the Federal Financial Institutions Examination Council is urging credit unions to identify, assess and manage the potential risks now.
FinCEN has issued a new ruling on the treatment of armored car service transactions. Our compliance report details the impact on credit unions.
New Automated Clearing House rules that will provide broader ACH protections for credit union members will go into effect on March 15, 2013.
If your credit union engages a third party to help review your fidelity bond and other insurance protections, CUNA Mutual Group explains why you should find out whether the third party is an independent consultant for a fee or a broker working on commissions from carriers.
The NCUA vote scheduled for today on the proposed rule requiring all CUSOs to submit financial reports to the NCUA has been cancelled, likely moving to next month a possible decision.
FinCEN recently reported that 19,934 mortgage loan fraud SARs were filed during the third quarter of 2011, representing a 20-percent increase over 2010’s third-quarter total and 10 percent of all SARs filed during the quarter.
Your weekly update on the regulatory landscape.
Yesterday, Washington Gov. Christine Gregoire announced that she would not stand for a third term in 2012, leaving politicos to contemplate the future for both her and the office she will leave after eight years.
Credit union professionals from throughout Clark, Cowlitz and Thurston counties gathered at Fibre Federal Credit Union to show their support of third Congressional district contender Jaime Herrera as the Washington Credit Union League announced its official support for her campaign.