The NWCUA has sounded the alarm about three bills that aim to tax many credit unions and implement new regulations.
Measures go before House, Senate panels in Olympia; supplemental capital proposals dropped from bills.
Association cites 2011-2012 numbers, says "flight to safety" a factor, as well as move to credit unions in general.
The Northwest Credit Union Association made it official last week. Its veteran CEO John Annaloro is retiring Oct. 2. He will be succeeded by Troy Stang, the president of the trade group that resulted from the merger of the Oregon and Washington leagues in 2011 and includes members from Alaska.
Troy Stang will assume CEO title after Annaloro retirement from Northwest Credit Union Association.
Between March 2011 and March 2012, credit unions in Oregon and Washington grew their business lending by 9% to nearly $2.5 billion.
Thanks to a quarterly increase of more than $44.62 million in member business loans, credit unions in Washington and Oregon are helping more small businesses.
Washington state credit unions were cheering what they called a legislative breakthrough – final passage of a long-sought public funds bill.
The media blitz scheduled this week to highlight achievements of cooperatives is taking a slightly different tone amongst credit unions in Oregon and Washington state.
Northwest Credit Union Association bulletin stresses transparency, cites new class action suit against bank.