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Oregon State CU Shred Days Accept Record 56,000 Pounds

The four separate events were held in Corvallis, North Albany, and Keizer serving more than 1,400 vehicles and shredding more than 28 tons of sensitive materials.

Compliance Center: CFPB Releases Updated Regulation Z Thresholds

Get the new Reg Z thresholds; your question answered about which loans are exempt from TILA/RESPA rule; plus this week’s legal briefs.

Oregon Legislative Update: Prize-Linked Bill Passes Senate Committee

The bill heads to the Senate floor as its last stop before the governor’s office.

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

Valley wins Business of the Year; Consolidated Community opens new branch; Wauna surpasses 20,000 members; Northwest Community honored by Oregon Black Education Foundation.

Record $3.1 Million Raised by Credit Unions in 2014 Through CO-OP’s Miracle Match

Credit unions offer life-saving support to children’s hospitals, and CO-OP multiplies their effort through unique matching program.

Adding up $6.8 Billion in Credit Union Impact

With family-wage jobs, direct member benefits, and strong business activities, credit unions’ impact adds up.

Study: Northwest Credit Unions Deliver $6.8 Billion Economic Impact

Cooperative, member-driven credit unions contribute enormously to local and regional economies through business operations, employment, and direct member benefits, finds economic firm.

Home Depot Breach Cost Northwest Credit Unions $3.2 Million: CUNA

In a new report, CUNA estimated that 7.2 million credit union debit and credit cards were affected nationally, at a cost to credit unions of nearly $60 million.

62 Credit Unions Agree to Late-Filing Penalties

Three Northwest credit unions are among 62 that agreed to pay penalties for filing late Call Reports, the NCUA reports.

What Makes A Successful Credit Union CEO – Personality Traits or Leadership Skills?

Hiring and developing a successful credit union CEO can’t be reduced to a formula. But the surprising results of a recent Filene Research Institute study could help guide your credit union in the right direction during its next CEO search.

NCUA Releases Final Rule on Federally Insured Credit Union CUSOs

The National Credit Union Administration (NCUA) released its final rule addressing CUSO supervision during its board meeting in Washington, D.C., last week.

Compliance Question of the Week

Which credit unions does the NCUA require to have interest rate risk policies?

Agencies Issue Statement to Clarify Supervisory and Enforcement Responsibilities for Federal Consumer Financial Laws

The federal financial supervisory agencies issued a policy statement to explain the measure and schedule to determine an institution’s asset size for purposes of determining supervisory and enforcement responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Oregon Legislative Week in Review

The big news in Salem last week was the release of the House and Senate redistricting plans. Plus a review of various bills that could affect Oregon credit unions.

Make the Payout Ratio Work for Your Credit Union in Challenging Times

The term payout ratio was originally applied in the stock market as a measure of return to investors (dividend payout ratio). Credit unions can benefit from from this concept by using these ratios to measure the percent of interest income that is paid to members in the form of interest on deposits.

Corporate Corner: Assessments for the Stabilization Fund

Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUA’s plans to resolve the issue and stabilize the industry.