Washington State Division of Credit Unions
The Division of Credit Unions regulates state-chartered credit unions licensed to operate in Washington. The division also processes consumer complaints for credit union customers. More about the Division of Credit Unions.
Contact Us: dcu@dfi.wa.gov or (360) 902-8701. File A Complaint: Online Complaint Form
Credit Union Industry News
-
Bulletin - Investor Education in Your Workplace
Credit Unions across Washington are encouraged to participate in the Investor Education in Your Workplace® (IEiYW®) program. The IEiYW® program is an award winning 10-hour online financial and investment education program designed for credit union employees. The IEiYW® program begins in April 2012 and ends in July 2012. Please join us for one of two 60 minute informational webinars on January 25th or January 31st.
Bulletin Regarding Investor Education in Your Workplace (PDF)* -
Quarterly Asset Assessment Worksheet
1st quarter 2012. ACH debit will be originated on January 27, 2012.
Download Asset Assessment Sheet (Excel)*** -
New Interpretive Letter: Board Member Life Insurance
New interpretive letter regarding whether a Washington State credit union may provide life insurance to its board members.
Interpretive Letter (PDF)* -
Bulletin - Upcoming CUSO Licensing Deadline Due to the Dodd-Frank Act
As of the Dodd-Frank Act effective date, July 21, 2011, the Department of Financial Institutions will once again strictly apply the Washington Consumer Loan Act (Chapter 31.04 RCW) to state and federally chartered (CUSOs). Similarly, this strict application applies to the subsidiaries or affiliates of state-incorporated, depositary financial institutions. Now that the Dodd-Frank Act specifically denies such preemption for subsidiaries of national banks, the Department will license, regulate, examine, and investigate state-incorporated, non-depositary subsidiaries of national banks and federal thrifts that originate consumer loans and/or engage in consumer loan servicing.
Bulletin Regarding Upcoming CUSO Licensing Deadline (PDF)* - OREO Property Guidance and Best Practices
Guidance for board, management and staff of credit unions with limited previous experience handling OREO property. This guidance discusses limited basic issues and has identified additional resources that may assist those with more challenging OREO questions.
OREO Property Guidance and Best Practices (PDF)*
DCU Bulletin Announcing Guidance (PDF)*
Credit Union Consumer News
-
NCUA Permanently Increases Insurance Coverage To $250,000
On July 21, 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. Included in this sweeping legislation are provisions making permanent the current $250,000 maximum federal deposit insurance.
Share Insurance Information
Contact Us
For general inquiries regarding Credit Unions, please email dcu@dfi.wa.gov or call (360) 902-8701.
Mailing Address:
Department of Financial Institutions
Division of Credit Unions
PO Box 41200
Olympia, WA 98504-1200
Physical Address (for deliveries or visitors):
150 Israel Rd SW
Tumwater WA 98501
(See MAP for directions)
Phone Numbers:
Phone: 360-902-8701
Toll Free: 1-877-RING DFI (746-4334)
TDD: 360-664-8126
Fax: 360-704-6901
E-mail: DCU@dfi.wa.gov
Staff Directory: Division of Credit Unions Staff.
File A Complaint: Online Complaint Form
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
** This document is a Microsoft Word file, and you will need Microsoft Word to view it. If you do not have Microsoft Word installed on your machine, you can download the free Microsoft Word Viewer.
*** This document is a Microsoft Excel file, and you will need Microsoft Excel or Excel Viewer to open it. If you don't have Microsoft Excel installed on your computer, you may download the Excel Viewer for free from Microsoft.
