In response to more than 100 requests from members, the Northwest Credit Union Association is offering monthly legislative updates. Sign up is available currently for the next report, scheduled for July 30, 2012.
New legislation addressing garnishments in Washington took effect June 7. The only change that affects credit unions is related to the contents of the garnishment writ.
The NWCUA compliance department has created an online checklist of the signs credit unions need to display in each branch.
Repo Remarketing writes how credit unions can raise their asset recovery rates above the industry standard of 50 percent.
Member credit unions can sign up for fraud alerts, which provide notifications of scams and robberies, including a recent attempt where offenders hid in a dumpster in order to jump branch opening employees.