Northwest Credit Union Assn.
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Oregon Credit Unions are Here for You - 03/28/20

We hope this finds you and your hard-working news team healthy and holding up. Your jobs are not easy.

We are sharing a video that your viewers and online audiences may find to be reassuring. We know they have a lot of anxieties right now. Access to their funds need not be one of them. The video is about the special programs credit unions have in place to help Idahoans, and about the safety and soundness of Oregon credit unions.  https://youtu.be/6my6ATldrP4

You may air it and post it in its entirety or pull soundbites from it. If you would like to interview Rick Metsger please contact me.

Washington Credit Unions are Here for You - 03/28/20

We hope this finds you and your hard-working news team healthy and holding up. Your jobs are not easy.

We are sharing a video that your viewers and online audiences may find to be reassuring. We know they have a lot of anxieties right now. Access to their funds need not be one of them. The video is about the special programs credit unions have in place to help Idahoans, and about the safety and soundness of credit unions.  https://youtu.be/49eYeXlLrCE

You may air it and post it in its entirety or pull soundbites from it. If you would like to interview Rick Metsger please contact me. 

Stay well-

Idaho Credit Unions are Here for You - 03/28/20

We hope this finds you and your hard-working news team healthy and holding up. Your jobs are not easy.

We are sharing a video that your viewers and online audiences may find to be reassuring. We know they have a lot of anxieties right now. Access to their funds need not be one of them. The video is about the special programs credit unions have in place to help Idahoans, and about the safety and soundness of credit unions.  https://youtu.be/ioEt3AQeJHE

You may air it and post it in its entirety or pull soundbites from it. If you would like to interview Rick Metsger please contact me.

State or OR graphic
State or OR graphic
Oregon Credit Unions Continue to Step Up for Members (Photo) - 03/26/20

As essential financial services providers, they’re offering special services to members impacted by COVID-19.

Tigard, Oregon (March 26, 2020) – Credit unions are considered essential businesses under Governor Kate Brown’s “Stay Home, Safe Lives” Executive Order, and are here to support more than two million Oregonians. As not-for-profit, cooperative financial services providers, credit unions are already mobilized to help their members who are facing financial hardships as the result of COVID-19.

Credit Unions are Here for You

Oregonians are facing life-changing disruptions as schools and many businesses close. Unfortunately, for many, this has meant the loss of jobs or income. Oregon’s credit unions have special programs in place to help consumers through these difficult times, and have already provided hundreds of solutions such as:

  • Loan modifications to make payments more affordable
  • Options to skip mortgage payments for as long as 90 days
  • Emergency low-interest to zero-interest loans

At a credit union, you’re not a number – you’re a member, and each member’s needs are unique. If you are being impacted financially by COVID-19, contact your credit union to find out about the solutions that are best for you. If you aren’t a credit union member, and unsure where to start, visit YourMoneyFurther.com to learn more and find one near you.

Still Connected During Social Distancing

Like your family, the credit union family is following best “social distancing” practices to keep members and employees safe. Some branches are closed, but drive-throughs remain open, ATMs are operating, employees are answering questions at call centers, and online and mobile apps are available for 24/7 account access.

There is no Need to Carry Large Amounts of Cash

With full access to your money through digital technology, there is no reason for you to withdraw large amounts of cash; in fact, we’re hearing many merchants may prefer that you use a debit or credit card right now. If your cash is lost or stolen, it cannot be replaced, but your credit union can fix you up with new credit and debit cards if they are lost or stolen.

We as credit unions understand the difficulty this situation presents, and we are working through this together.

                                                                  <END>

The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 7.3  million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

Attached Media Files: News Release , State or OR graphic
Washington Credit Unions Continue to Step Up for Members - 03/26/20

As essential financial services providers, they’re offering special services to members impacted by COVID-19.

SeaTac, Washington (March 26, 2020) – Credit unions are considered essential businesses under Governor Jay Inslee’s “Stay Home, Stay Healthy” order, and are here to support more than 4.3 million Washingtonians. As not-for-profit, cooperative financial services providers, credit unions are already mobilized to help their members who are facing financial hardships as the result of COVID-19.

While communities are coming together in efforts to slow the spread of coronavirus, disruptions in everyday life may create inconveniences, anxiety, and financial difficulty for Washingtonians. Credit unions are helping members and employees through those challenges. Afterall, the credit union philosophy is “People Helping People.”

Credit Unions are Here for You

Washingtonians are facing life-changing disruptions as schools and many businesses close. Unfortunately, for many, this has meant the loss of jobs or income. Washington’s credit unions have special programs in place to help consumers through these difficult times, and have already provided hundreds of solutions such as:

  • Loan modifications to make payments more affordable
  • Options to skip mortgage payments for as long as 90 days
  • Emergency low-interest to zero-interest loans

At a credit union, you’re not a number – you’re a member, and each member’s needs are unique. If you are being impacted financially by COVID-19, contact your credit union to find out about the solutions that are best for you. If you aren’t a credit union member, and unsure where to start, visit YourMoneyFurther.com to learn more and find one near you.

Still Connected During Social Distancing

Like your family, the credit union family is following best “social distancing” practices to keep members and employees safe. Some branches are closed, but drive-throughs remain open, ATMs are operating, employees are answering questions at call centers, and online and mobile apps are available for 24/7 account access.

There is no Need to Carry Large Amounts of Cash

With full access to your money through digital technology, there is no reason for you to withdraw large amounts of cash; in fact, we’re hearing many merchants may prefer that you use a debit or credit card right now. If your cash is lost or stolen, it cannot be replaced, but your credit union can fix you up with new credit and debit cards if they are lost or stolen.

We as credit unions understand the difficulty this situation presents, and we are working through this together.

                                                                 <END>

The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 7.3  million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

 

Attached Media Files: News Release
Financial Institutions Work Together to Address the Impact of COVID-19 - 03/25/20

                         Oregon’s credit unions and banks are safe, sound, and here to serve consumers.

Tigard, Oregon (March 25, 2020) — Oregon’s financial institutions stand by consumers and communities during good times and challenging times. While COVID-19 presents unprecedented challenges, it is reassuring to know that credit unions and banks have activated plans to minimize the impact of COVID-19.  

The Oregon Bankers Association (OBA) and the Northwest Credit Union Association (NWCUA) are jointly sharing information to assure consumers that their financial institutions are safe, sound, and reliable.

“We are all in this together. Oregon’s financial institutions, like the communities we serve, are adapting to COVID-19 realities while continuing to meet the financial needs of our customers,” said OBA President and CEO Linda Navarro. “In addition to providing the usual suite of financial services, banks and credit unions are working closely with their customers to address any concerns they have as a result of the coronavirus pandemic.”

 

Banks and credit unions are considered essential services and continue to serve consumers and businesses.

 

“Oregon’s community banks and credit unions play a critical role in supporting families and businesses across our state,” said Oregon Division of Financial Regulation Administrator Andrew Stolfi. “Challenging times like this show how important it is to have community-focused financial institutions willing to step up and work with their customers and members.”

Use Digital Technology for Your Financial Transactions

While communities come together to prevent the spread of COVID-19, some financial institutions may have to temporarily close branches, limit foot traffic or limit hours. 

Rest assured you can easily conduct financial transactions from your home.

“All of the modern-day advances financial institutions have made to provide technology are relevant on Main Street,” said NWCUA President and CEO Troy Stang. “Through online and mobile apps and ATMs, you have total access to your money, anywhere at any time. You can conduct most any necessary financial transactions you need to from your home.”

There is No Need to Withdraw Large Amounts of Cash

With full access to your money through digital technology, there is no reason for you to withdraw large amounts of cash from your bank or credit union.

If cash is lost or stolen, it cannot be replaced. Your cash is much safer in your bank or credit union account, where it is insured.

Deposits in banks and credit unions are generally federally insured up to $250,000, and the insurance programs are backed by the full faith and credit of the United States Government.

“Credit union members have never lost a penny of savings at a federally insured credit union,” said Rodney Hood, Chairman, NCUA. “All deposits at federally insured credit unions are protected by the National Credit Union Share Insurance Fund.”

The Federal Deposit Insurance Corporation (FDIC) has also reiterated that since deposit insurance was founded in 1933, “no depositor has ever lost a penny of FDIC-insured funds.” Today, the FDIC insures up to $250,000 per depositor, per FDIC-insured bank.

FDIC Chairman Jelena McWilliams added, “The nation’s banking industry is responding to rapidly evolving business conditions that are unprecedented in our history,  We have encouraged the industry to work with borrowers who may be impacted by the COVID-19 virus, including offering loan modifications and payment extensions. Institutions want to assist their customers.

The banks and credit unions of Oregon protect over $103 billion in financial assets.

“We know you have a lot of concerns during the COVID-19 crisis,” said the NWCUA and OBA joint statement. “Fortunately, the safety and security of your money need not be one of them.”

                                                                        <END>

The Northwest Credit Union Association is the trade association representing 58 not-for-profit, cooperative credit unions in Oregon, and their two  million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com.

Established in 1905, the Oregon Bankers Association is Oregon's only full-service trade association representing state and national commercial banks, thrifts and savings banks chartered to do business in Oregon.  More information is available at www.oregonbankers.com.

 

Idaho Credit Unions Continue to Step Up for Members - 03/25/20

 

Idaho Credit Unions Continue to Step Up for Members

As essential financial services providers, they’re offering special services to members impacted by COVID-19.

Boise, Idaho (March 25, 2020) – As financial institutions, Idaho credit unions are considered essential, and remain open to serve members under the statewide “Stay-Home” order issued by Governor Brad Little today. As not-for-profit, cooperative financial services providers, credit unions are already mobilized to help their members through difficult times.

Credit Unions are Here for You

Idahoans may face life-changing disruptions as schools and many businesses close in order to stop the spread of coronavirus. For many, this could mean the loss of income or other financial setbacks. Idaho’s credit unions have special programs in place to help consumers through these difficult times. Solutions may include:

  • Loan modifications to make payments more affordable
  • Options to skip mortgage payments
  • Emergency low-interest to zero-interest loans

At a credit union, you’re not a number – you’re a member, and each member’s needs are unique. If you are being impacted financially by COVID-19, contact your credit union to find out about the solutions that are best for you. If you aren’t a credit union member, and unsure where to start, visit YourMoneyFurther.com to learn more and find one near you.

Still Connected During Social Distancing

Like your family, the credit union family is following best “social distancing” practices to keep members and employees safe. Some branches are closed, but drive-throughs remain open, ATMs are operating, employees are answering questions at call centers, and online and mobile apps are available for 24/7 account access.

There is no Need to Carry Large Amounts of Cash

With full access to your money through digital technology, there is no reason for you to withdraw large amounts of cash; in fact, we’re hearing many merchants may prefer that you use a debit or credit card right now. If your cash is lost or stolen, it cannot be replaced, but your credit union can fix you up with new credit and debit cards if they are lost or stolen.

We as credit unions understand the difficulty this situation presents, and we are working through this together.

<END>

The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 7.3  million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

Idaho's Financial Institutions Working Together to Address the Impact of COVID-19 - 03/24/20

Idaho’s banks and credit unions are safe, sound, and here to serve consumers.

Boise, Idaho (March 24, 2020) — Idaho’s financial institutions stand by consumers and communities during good times and challenging times. While COVID-19 presents unprecedented challenges, it is reassuring to know that Idaho banks and credit unions are working together to minimize the impact of COVID-19 in Idaho communities

“We are very fortunate in Idaho to have such a strong group of financial institutions who care so much about the consumers,” said Patricia Perkins, Director, Idaho Department of Finance. “The Department of Finance is encouraging the banks, credit unions, and other financial businesses to work with their customers in a prudent way for the customers’ and the financial institutions’ benefit.”

The Idaho Bankers Association (IBA) and the Northwest Credit Union Association (NWCUA) are jointly sharing information to assure consumers that their financial institutions are safe, sound, and reliable.

“IBA is focused on immediate solutions that are workable and can make a tangible difference in the trajectory of our economy,” said Trent Wright, President and CEO, IBA.” Idaho’s banking industry is on very solid ground, with strong capital, excellent asset quality and satisfactory liquidity.”

Use Digital Technology for Your Financial Transactions

As communities come together to prevent the spread of COVID-19, some financial institutions may have to temporarily limit branch access, close branches, or limit hours. These actions are taken in the interests of public safety and will not limit your access to your accounts or the financial institution's ability to conduct business.

Rest assured you can easily conduct financial transactions from your home.

“All of the modern-day advances financial institutions have made to provide technology are relevant on Main Street,” said Troy Stang, President and CEO, NWCUA. “Through online and mobile apps, and ATMs, you have total access to your money, anywhere at any time. You can conduct most any necessary financial transactions you need to from your home.”

There is No Need to Withdraw Large Amounts of Cash

With full access to your money through digital technology, there is no reason for you to withdraw large amounts of cash from your bank or credit union.

If cash is lost or stolen, it cannot be replaced. Your cash is much safer in your bank or credit union account, where it is insured.

Deposits in banks and credit unions are insured up to $250,000, and the insurance programs are backed by the full faith and credit of the United States Government.

“Credit union members have never lost a penny of savings at a federally insured credit union,” said Rodney Hood, Chairman, NCUA. “All deposits at federally insured credit unions are protected by the National Credit Union Share Insurance Fund.”

“The nation’s banking industry is responding to rapidly evolving business conditions that are unprecedented in our history,” said FDIC Chairman Jelena McWilliams. “We have encouraged the industry to work with borrowers who may be impacted by the COVID-19 virus, including offering loan modifications and payment extensions. Institutions want to assist their customers.”

“We know you have a lot of concerns during the COVID-19 crisis,” said the NWCUA and IBA joint statement. “Fortunately, the safety and security of your money need not be one of them.”

                                                                        <END>

 

Founded in 1905, the Idaho Bankers Association promotes the general welfare and usefulness of banking and the preservation of a sound banking system. For 115 years now, IBA has been the resource that empowers Idaho’s banks, providing effective government relations and public advocacy, a community of professional peers, top-quality education and professional development, and revenue enhancing products and services.

 

The Northwest Credit Union Association is the trade association representing 26 not-for-profit, cooperative credit unions in Idaho, and their one million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

 

Attached Media Files: News Release
Financial Institutions Work Together to Address the Impact of COVID-19 - 03/23/20

Washington’s credit unions and banks are safe, sound, and here to serve consumers.

SeaTac, Washington (March 23, 2020) — Washington’s financial institutions stand by consumers and communities during good times and challenging times. While COVID-19 presents unprecedented challenges, it is reassuring to know that credit unions and banks are working together to minimize the impact of COVID-19.  

“I have been impressed with how our Washington banks and credit unions are rising to the challenge,” said Charles E. Clark, Director, Washington Department of Finance. “They are not only making adjustments to keep their employees and the public safe while continuing to offer traditional services, but are also coming up with new products and solutions to help struggling customers get through a difficult time.”

The Washington Bankers Association and the Northwest Credit Union Association are jointly sharing information to assure consumers that their financial institutions are safe, sound, and reliable.

“We know this is an extremely challenging and uncertain time for so many of our customers and their families,” said Washington Bankers Association President and CEO, Glen Simecek. “Fortunately, our residents can rely upon the safety of Washington’s banks and credit unions to protect their financial well-being so they can address the needs of their loved ones.”  

Use Digital Technology for Your Financial Transactions

While communities come together to prevent the spread of COVID-19, some financial institutions may have to temporarily close branches, restrict access to drive-up windows or limit hours. 

Rest assured you can easily conduct financial transactions from your home.

“All of the modern-day advances financial institutions have made to provide technology are relevant on Main Street,” said Troy Stang, President and CEO, NWCUA. “Through online and mobile apps and ATMs, you have total access to your money, anywhere at any time. You can conduct most any necessary financial transactions you need to from your home.”

Your Money is Safest in a Federally Insured Bank or Credit Union

With full access to your money through digital technology, the safest place for your deposits is within a federally insured bank or credit union. If cash is lost or stolen, it cannot be replaced.

Deposits in banks and credit unions are federally insured up to $250,000, and the insurance programs are backed by the full faith and credit of the United States government.

“Credit union members have never lost a penny of savings at a federally insured credit union,” said Rodney Hood, Chairman, NCUA. “All deposit accounts of up to $250,000 at federally insured credit unions are protected by the National Credit Union Share Insurance Fund.”

“The nation’s banking industry is responding to rapidly evolving business conditions that are unprecedented in our history,” said FDIC Chairman Jelena McWilliams. “We have encouraged the industry to work with borrowers who may be impacted by the COVID-19 virus, including offering loan modifications and payment extensions. Institutions want to assist their customers.”

The banks and credit unions of Washington serve all Washington consumers and businesses large and small and protect over $209 billion in deposits.

“We know you have a lot of concerns during the COVID-19 crisis,” said the NWCUA and WBA in a joint statement. “Fortunately, the safety and security of your money need not be one of them.”

                                                                        <END>

The Northwest Credit Union Association is the trade association representing 84 not-for-profit, cooperative credit unions in Washington, and their 4.3 million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

Founded in 1889, the Washington Bankers Association represents banks of all sizes serving Washington residents and businesses.

 

Credit Unions Support Consumers Impacted by Coronavirus - 03/16/20

Boise, Idaho (March 16, 2020) – As not-for-profit, cooperative financial services providers, credit unions stand by their members in good times and in challenging times.

This is a challenging time.

While communities are coming together in efforts to slow the spread of coronavirus, disruptions in everyday life may create inconveniences, anxiety, and financial difficulty for Idahoans. Credit unions are helping members and employees through those challenges. Afterall, the credit union philosophy is “People Helping People.”

Your Health and Safety Comes First

Helping members and credit union employees stay healthy is of the utmost importance. If you’re concerned about being in public places, find convenient solutions to navigate your financial transactions, including online and mobile technology, ATMs, and drive-through windows. Questions? You don’t have to go to your credit union branch. Contact your credit union’s call center for expert guidance. If you aren’t a credit union member, and unsure where to start, visit YourMoneyFurther.com to learn more and find one near you.

Credit unions are following guidelines recommended by the Centers for Disease Control to help their employees remain safe in the workplace, and are allowing team members in some positions to work remotely to help prevent the spread of coronavirus.

Your Financial Well-Being is Important

Your credit union community recognizes the financial hardship that closed schools, canceled events, and a slowdown in business can put on families. If you are experiencing a change in your financial circumstances during efforts to contain coronavirus, contact your credit union. Chances are good they can help. Services for you at this time may include options to temporarily skip loan payments, emergency loans, lower-interest credit cards, and financial counseling to help you make the decisions that are in your best interests.

We as credit unions understand the difficulty this situation presents, and we are working through this together.

 

                                                                                       <END>

The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 7.3  million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

 

Attached Media Files: News Release
graphic
graphic
Credit Unions Support Consumers Impacted by Coronavirus (Photo) - 03/13/20

Those experiencing financial hardships are encouraged to reach out to a credit union.

 

Tigard, Oregon (March 13, 2020) – As not-for-profit, cooperative financial services providers, credit unions stand by their members in good times and in challenging times.

This is a challenging time.

While communities are coming together in efforts to slow the spread of coronavirus, disruptions in everyday life may create inconveniences, anxiety, and financial difficulty for Oregonians. Credit unions are helping members and employees through those challenges. Afterall, the credit union philosophy is “People Helping People.”

Your Health and Safety Comes First

Helping members and credit union employees stay healthy is of the utmost importance. If you’re concerned about being in public places, find convenient solutions to navigate your financial transactions, including online and mobile technology, ATMs, and drive-through windows. Questions? You don’t have to go to your credit union branch. Contact your credit union’s call center for expert guidance. If you aren’t a credit union member, and unsure where to start, visit YourMoneyFurther.com to learn more and find one near you.

Credit unions are following guidelines recommended by the Centers for Disease Control to help their employees remain safe in the workplace, and are allowing team members in some positions to work remotely to help prevent the spread of coronavirus.

Your Financial Well-Being is Important

Your credit union community recognizes the financial hardship that closed schools, canceled events, and a slowdown in business can put on families. If you are experiencing a change in your financial circumstances during efforts to contain coronavirus, contact your credit union. Chances are good they can help. Services for you at this time may include options to temporarily skip loan payments, emergency loans, lower-interest credit cards, and financial counseling to help you make the decisions that are in your best interests.

We as credit unions understand the difficulty this situation presents, and we are working through this together.

 

                                                                                <END>

The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 7.3  million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

Attached Media Files: News Release , graphic
graphic
graphic
Credit Unions Support Consumers Impacted by Coronavirus (Photo) - 03/13/20

Those experiencing financial hardships are encouraged to reach out to a credit union.

 

SeaTac, Washington (March 13, 2020) – As not-for-profit, cooperative financial services providers, credit unions stand by their members in good times and in challenging times.

This is a challenging time.

While communities are coming together in efforts to slow the spread of coronavirus, disruptions in everyday life may create inconveniences, anxiety, and financial difficulty for Washingtonians. Credit unions are helping members and employees through those challenges. Afterall, the credit union philosophy is “People Helping People.”

Your Health and Safety Comes First

Helping members and credit union employees stay healthy is of the utmost importance. If you’re concerned about being in public places, find convenient solutions to navigate your financial transactions, including online and mobile technology, ATMs, and drive-through windows. Questions? You don’t have to go to your credit union branch. Contact your credit union’s call center for expert guidance. If you aren’t a credit union member, and unsure where to start, visit YourMoneyFurther.com to learn more and find one near you.

Credit unions are following guidelines recommended by the Centers for Disease Control to help their employees remain safe in the workplace, and are allowing team members in some positions to work remotely to help prevent the spread of coronavirus.

Your Financial Well-Being is Important

Your credit union community recognizes the financial hardship that closed schools, canceled events, and a slowdown in business can put on families. If you are experiencing a change in your financial circumstances during efforts to contain coronavirus, contact your credit union. Chances are good they can help. Services for you at this time may include options to temporarily skip loan payments, emergency loans, lower-interest credit cards, and financial counseling to help you make decisions that are in your best interests.

We as credit unions understand the difficulty this situation presents, and we are working through this together.

 

                                                                                       

The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 7.3  million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Everyone should open their eyes to a credit union.  For more information, please visit: https://yourmoneyfurther.com

Attached Media Files: News Release , graphic