Emerging Leaders Scholarship Worth More than the Money

Last year’s winner Jeremy Sankwich says the scholarship offers new opportunities, vision, and lasting relationships. Wednesday is the final day to nominate self or others.

NCUA’s Chief Economist to Present at CUES/NWUCA Executive Summit

The NCUA’s chief economist will present an economic outlook and his perspective on interest rate risk management at the Executive Summit in Sunriver later this month. John Worth’s economic forecasts help to determine much of the regulator’s policy.

Point West Credit Union’s Amy Nelson and Nick Hodson: Ready to Pay It Forward

With 2013 in the rear-view mirror, Anthem asked Northwest credit union presidents and CEOs to reflect on the past, consider what lies ahead and talk about the challenges — and the opportunities — that await credit unions in 2014. Today: Amy Nelson and Nick Hodson, co-CEOs of Point West Credit Union.

NCUA Proposal Would Revise Risk-Based Capital Requirements

Credit unions with assets of more than $50 million would be subject to revised risk-based capital requirements under a proposal announced Thursday by the National Credit Union Administration that would require a risk-based capital ratio of 10.5 percent to be classified as “well capitalized.”

Point West Credit Union Completes Net Worth Restoration Plan

Nick Hodson and Amy Nelson, co-CEOs of Point West Credit Union, announced this week that Point West has completed an approved Net Worth Restoration Plan with the National Credit Union Administration, two years ahead of schedule.

NCUA Approves Loan Participation Rule

The NCUA approved the Final Rule on Loan Participations during its board meeting Thursday. The NWCUA compliance team breaks down new details on the rule.

A Quick Look at Q1 2013: Looking Good for Northwest Credit Unions

Northwest credit unions are trending well according to an analysis of data by the NWCUA. Asset growth, ROA and net worth are increasing while charge-offs and delinquency ratios continue to decline.

NCUA’s OSCUI to Host Webinar Focusing on Net Worth Restoration Plans

The NCUA’s Office of Small Credit Union Initiatives will host a webinar tomorrow entitled, “Net Worth Restoration Plans: A Path to Recovery.” OSCUI staff will review NCUA’s capital requirements, and participants will hear from credit union staff that has gone through the net worth restoration plan process.

Compliance Question of the Week

What are permissible investments for my credit union?

NCUA Finalizes Changes to RegFlex

The NCUA board of directors unanimously approved a final rule extending RegFlex provisions to all federal credit unions and eliminating the RegFlex designation program.

Point West Meets Net Worth Restoration Goal Two Years Early

Just three years after creating a painful Net Worth Restoration Plan, Point West Credit Union comes out of the cold to celebrate its 80th anniversary boasting a healthier 5.95 percent net worth ratio as of Q4 2011 and more than $80 million in assets.

Supplemental Capital Legislation Gathers Steam in D.C.

A bill was introduced in Congress last week that would allow credit unions to accept supplemental capital, enabling them to offer more affordable financial services to consumers and to grant more job-creating loans.

Focus on Secondary Capital Issue Expected to Increase in 2012

The Federal Reserve proposed increased capital standards for the largest financial firms this week. The announcement triggers support from credit unions for Secondary Capital.

Focus on Secondary Capital Issue Expected to Increase in 2012

The Federal Reserve proposed increased capital standards for the largest financial firms this week. The announcement triggers support from credit unions for Secondary Capital.

Equity Ratio, Net Worth Changes Passed by NCUA

Changes in NCUSIF definitions of equity ratio and credit union net worth were unanimously approved by the NCUA board on Sept. 22.

Regulatory Advocacy Update

The NWCUA generates and monitors regulatory movement and change at the state and federal levels. The weekly Regulatory Advocacy Update keeps you informed about new developments, how the Association is working for its members and how you can get involved.

Legal Briefs

Your update on the regulatory landscape.

Will the US Debt Downgrade Result in an influx of Cash Deposits in Credit Unions?

Standard and Poor’s downgrade of the U.S. credit rating is causing stress as Americans wonder whether cash deposits are safer havens for their money than the volatile stock market. This could present a challenge for credit unions.