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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.

According to Wayne Langei, president/CEO of the $950 million institution, Whatcom volunteered for the exam, part of a new approach by the Washington State Department of Financial Institutions’ Division of Credit Unions to ensure state-chartered credit unions meet federal standards.

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