Credit union groups paranoid DOJ could change its mind and reverse guidance that allows accounts for state-legal marijuana businesses.
Despite guidance from FInCEN and the DOJ, legal hurdles remain for state-legal marijuana business accounts.
Washington-based Northwest Association offers local smoked salmon; Colorado-based Mountain West Association bets buffalo steaks.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.
Article wasn't the first time new board member Metsger's relationship with industry raised eyebrows.
Lawyer trust account parity bill would enable credit unions to compete, expand services.
From being able to compete with banks to assuring business members that their funds are insured, there could be several long-term benefits for credit unions if a bill involving insurance coverage becomes law.
New sponsorship and ticket levels offered as NCUF prepares to honor four Wegner Award winners.
The Northwest credit union community has raised more than $130,000 for Credit Unions for Kids to support six Children's Miracle Network Hospitals in Oregon and Washington, according to an Oct. 29 Northwest Credit Union Association release.