Credit union financial reports for the first quarter were solid, with Idaho ranking first in the nation for asset growth at 6.2%. Lynn Heider, vice president of public relations for the Northwest Credit Union Association, which represents Idaho credit unions, ...

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In response to the federal government furlough, a number of Idaho banks and credit unions are offering support to federal employees who need it, especially as the furlough hit the mid-January point where some employees no longer received paychecks. “The ...

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What life will be like in Idaho’s banking industry in 2019 depends a lot on what the national and global economies do. December saw the stock market edging into bear territory, the bond market teasing the inverted yield curve typically presaging ...

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2018 was a pretty darn good year for banking. “Idaho-headquartered banks registered a strong increase in earnings, with a 39 basis point rise in the average return on assets ratio, compared with one year prior,” said Mary Hughes, deputy director ...

Tagged with: banking credit unions dave glaser department of finance first interstate bank lynn heider mary hughes mike crapo mofi nwcua

Four Idaho credit unions recently received more than $30,000 in grants from the National Credit Union Administration (NCUA). Grant awards, intended for low-income credit unions, ranged from $1,300 to $20,000, for a total of $2 million made to 203 credit ...

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The merger between the Idaho Credit Union League (ICUL) and the Northwest Credit Union Association (NWCUA) is now final after a positive vote from a majority of its 184 members. The organization, which now represents credit unions from Oregon and Washington ...

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Some issues facing credit unions nationally are not yet an issue in Idaho. The U.S. District Court for the District of Columbia on March 29 upheld two challenged portions of the field of membership rule for the National Credit Union ...

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One of the distinctions between banks and credit unions is that credit unions are nonprofit, meaning they are exempt from some taxes. However, on both the federal and state level there is discussion about changing this. While there has not ...

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For the first time in 25 years, the Idaho Credit Union Act is being updated to bring it more in line with current trends. The bill, S1285, modifies sections of code, originally written in 1977, having to do with the ...

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About 55 percent of Idaho residents are credit union members, according to a study called 2017 Economic Impacts of Credit Unions in Idaho by ECONorthwest. ECONorthwest found that Idaho’s credit unions spend about $283 million in compensation and other payments. ...

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