Dykstra takes over the role from retiring president Dr. James D. Likens, who served the school for 44 years. Dr. Michael Steinberger was named the new Dean of Academics.
School has prepared credit union leaders for the evolving marketplace for over half a century. Those looking to advance their careers are encouraged to apply.
A partnership between Maps Credit Union, Western Oregon University, and “Bizkid$” will better prepare teachers to help students grow their financial capabilities. The Northwest Credit Union Foundation reports on the unique program that could provide solutions for other credit unions hoping to partner with colleges and universities.
Western Sky Financial, a lender who came under numerous state and federal microscopes for extreme interest rates, will stop making loans next week.
Oregon regulators have cracked down on Western Sky, a South Dakota-based company which advertised its loan program in an aggressive broadcast campaign. The company allegedly practiced without a proper license and charged interest rates as high as 342 percent.
One year after taking the reins as president and chief executive officer of the then six-month-old Catalyst Corporate Federal Credit Union, Kathy Garner says member credit unions now can see evidence of a solid, sustainable business model that drives the corporate’s operations.
Washington DFI Issues Statement of Charges Against Five Unlicensed Online Lenders, Including Western Sky Financial
The Washington Department of Financial Institutions is seeking restitution, prohibition from operating in the state and $669,300 in fines from five unlicensed online lenders owned and operated by Martin Webb. “These companies are preying on financially struggling Washington consumers with loans at unconscionable repayment terms,” said DFI’s Deborah Bortner.
In the first year since being formed through the consolidation of Georgia Corporate and Southwest Bridge, Catalyst Corporate has grown to more than 1,230 credit union members and more than $150 million in capital.
Northwest credit unions lost millions in interest income last year when the NCUA forced early redemption of CDs held by WesCorp. Its successor, Western Bridge, was formally liquidated last month, and Catalyst now holds a handful of unredeemed CDs.
Nine Northwest credit union professionals—three of whom graduated with honors—were among this year’s 75 graduates from Western CUNA Management School, a rigorous long-term credit union education program.
Seeing an opportunity to serve the needs of Northwest credit unions, Catalyst Corporate has named a second Northwest credit union leader to its board following the purchase of Western Bridge assets.
Strategic Link business partner Catalyst Corporate has completed its consolidation with Western Bridge Corporate, transferring core systems, billing, wire services and internet connectivity in taking the final steps in the conversion process.
In recent weeks, Catalyst Corporate has helped nearly 400 credit unions convert their check processing and an additional 212 credit unions transition their remote deposit services, effectively doubling the corporate’s daily check processing volume.
Catalyst Corporate Credit Union, set to acquire certain Western Bridge assets on July 1, has reached more than 1,190 capitalizing member credit unions.
Catalyst Corporate Federal Credit Union has named 12 credit union professionals to serve as members of the western regional component of its newly-formed Catalyst Councils, including four from Oregon and Washington.
More than 1,000 credit unions have already capitalized Catalyst Corporate Federal Credit Union. New President and CEO Kathy Garner said the Strategic Link Annual Sponsor’s plan calls for low-cost, non-disruptive transitions.
Catalyst Corporate Federal Credit Union will conduct a series of town hall meetings in January and February to help credit unions transition from Western Bridge Corporate.
The NCUA has chosen Catalyst Corporate FCU to assume the assets of Western Bridge Corporate FCU. Formed by the merger of Georgia Corporate FCU and Southwest Bridge Corporate FCU, Catalyst achieved well-capitalized status earlier this month.