Credit unions are continuing their strong grassroots push in support of S. 2231, but it is unlikely the measure will see a vote this week. Independent and community bankers are currently on the Hill working in opposition to the measure.
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The NWCUA announced its support of current Washington State Sen. Derek Kilmer (D-26) to replace retiring Rep. Norm Dicks in representing Washington’s 6th Congressional District in the U.S. House.
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Doug Lacy-Roberts, long-time Washington State Division of Credit Unions examiner, has been promoted to the Department of Financial Institution’s Credit Union program manager, overseeing the examination and supervision of state credit unions.
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The Washington State Legislature approved a supplemental budget and adjourned its second special session sine die early Wednesday morning. Big banks lost their tax exemption, and $4 million was swept from the DFI’s financial services regulation fund.
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From collecting signatures from members on a petition to landing radio interviews to issuing all-staff calls-to-action, credit unions throughout the Northwest are putting the pressure on Congress to raise the MBL cap.
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Credit Unions for Kids leadership is working to continue expanding its scope and effectiveness, looking to engage a growing number of credit union professionals as ambassadors on localized boards.
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With the U.S. Senate primed to vote on credit union MBL legislation as soon as April 16, the NWCUA is developing an “all-in” strategy that depends on immediate participation from each Northwest credit union.
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The NWCUA will accept nominations for all board of director positions from April 16-30. Board members are responsible for establishing the Association’s policy and governance direction and representing their district or asset-size category.
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Visa and MasterCard notified card-issuing credit unions and banks last week of a massive data breach involving Global Payments Inc., a third-party payment processor that Visa has already removed from its list of “compliant service providers.”
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The NWCUA announced its support of Denny Heck, a former credit union employee and current Democratic candidate for Washington’s new 10th Congressional District, presenting him with a $10,000 CULAC check at a fundraiser at TwinStar Credit Union.
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