May14

Virtual Compliance Legal Update

Join us for the 2024 GoWest Compliance Legal Update Seminar, a virtual seminar designed for credit union professionals like you.
May20

Q2 CDFI Roundtable

A place to connect with other CDFIs, learn what credit unions are doing in their communities, stay current on updates and relevant changes, and discover how GoWest can support you on your CDFI journey.
May21

Collectors Council; Sess. Two

This Council provides an opportunity to share challenges and successes with collection and recovery peers, ask questions and learn from each other, and gain insights from outside legal and industry experts.
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Commercial Services Council; Sess. Two

This Council allows credit union professionals to discuss best practices around business deposits, loan products, business development, and much more.

Brittanie Bonanzino

AVP, Communications

Washington

Home » Advocacy On The Move »

Military Members Now Accounted for in LICU Designation

Posted by on May 7, 2020

Many of you will remember that the Northwest Congressional delegation took the lead in early 2019 to send a bipartisan letter to the NCUA requesting the inclusion of  military PO Boxes (APOs and FPOs) in the Low Income Credit Union designation calculation.

We are excited to share that in a press release earlier today, NCUA announced a change in 12 CFR § 701.34 (2) adding a provision to allow military families using a APO/FPO address to be included in calculations for LICU designation.

We are very supportive of this change, especially during National Military Appreciation Month! For more information on how to become a Low Income Credit Union please reach out to [email protected] or [email protected]. 

Posted in Advocacy on the Move.