Northwest credit unions grew their member business lending category 7.5% in Q1. Still, more than 500 credit unions nationally are at or nearing the 12.25% Congressionally-imposed lending cap. Meanwhile, the nation’s largest banks, facing fewer regulatory limits, hold onto the lion’s share of the market.
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Congress is hearing from tens of thousands of credit union members who want to preserve the tax model. CUNA and NWCUA toolkit resources are posted to help credit unions prepare their members with the key message points.
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Three Kitsap County credit unions are collaborating for the second public event this year designed to help members cope with economic concerns. The next event, scheduled for Wednesday, will offer money management workshops.
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Northwest Community Credit Union broke ground on a new headquarters in downtown Eugene, Ore. this week, offering not just a facility for staff and members, but a community meeting resource as well.
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Members
| Posted On: 06/18/2013
It’s possible credit unions will be able to ditch the “dot com” and “dot org” web addresses in favor of “dot credit union.” This week’s compliance report offers new information.
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Vehicle repossession takes on a new challenge when there are items in the car. This week’s compliance question tackles the issue of what to do.
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It may be difficult to measure the ROI on your credit union’s IT security program, but if you have solid answers to some key questions, you can make the case for keeping your budget and plan in place. In this week’s Strategic Link report, business partner Network Computing Architects, Inc. offers some tips.
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In breaking news from the Senate Finance Committee, credit unions were listed as a “tax reform option.” The release of the report naming credit unions specifically as a source of revenue sounds a high-priority advocacy alarm.
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An NWCUA-backed bill updating Oregon’s Credit Union Act is headed for Governor John Kitzhaber’s desk. SB 520 passed in the Oregon House Wednesday with overwhelming support.
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The Filene Research Institute is gathering information about the impact of the regulatory burden on credit unions. The survey will help to identify the most burdensome regulations and the time credit unions spend in compliance.
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