Whatcom Educational CU volunteers to go first. "We have so many auditors looking at us anyway, what's one more?"
In mid-October, Whatcom Educational Credit Union in Bellingham, Wash., will undergo one of the Evergreen State’s first separate examinations for consumer compliance, now required of all Washington state chartered credit unions with more than $500 million in assets.
John Kolhoff, director of the Michigan Office of Credit Unions, has been elected chairman of NASCUS, the association said Monday.
Having more than enough money to lend would seem to be a good problem to have. For many credit unions, however, the economy’s stalls and starts to recovery in 2011 kept members more focused on paying down debt and trimming expenses. Taking out new loans? Not so much.
Linda Jekel, credit union regulator for the state of Washington, said she does not foresee any supervisory issues arising from Bank Transfer Day.
Citing losses caused by loan losses, Washington Department of Financial Institutions closed The Union Credit Union of Spokane and appointed the NCUA as liquidating agent.
Citing loan losses, Washington Department of Financial Institutions closed The Union Credit Union of Spokane on Friday and appointed the NCUA as liquidating agent.
SAN ANTONIO -- Former NASCUS chairman George Reynolds received the organization's Pierre Jay Award, which honors contributions to state-chartered credit unions.
NASCUS Chairman Tom Candon has named Board Member Mary Hughes to fill the two-year board term vacated when former NASCUS Chairman George Reynolds retired.
Washington State's credit union regulator disputes suggestions that legislation her department supports would endanger the rights of credit union members to criticize their credit unions.