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News Releases

Cyber and Data Security Incidents, Related Losses on the Rise

Jul 3, 2014 by Lewis Wood

Cyber liability exposures continue to evolve, and credit unions can no longer rely solely on their information technology staff to ward off a cyber-attack. Network security now requires solid governance and oversight with active participation by management...


ABNB FCU Raises $3,000 During Relay For Life Event

Jul 2, 2014 by Lewis Wood

On Saturday, June 7th more than 50 participants on the ABNB Relay for Life team gathered at Landstown High School to walk through the night in support of Relay for Life. During the past year, various fundraising events, such as employee jean days,...


Enhanced Compensation Packages Can Guard Against Executive Churn

Jul 2, 2014 by Lewis Wood

Unlike their bank counterparts, credit union executives have limits on how much they can contribute and receive from traditional qualified retirement plans, meaning many CEOs may retire at only 30-40 percent of their current salary, even after including...


The Lending World According to the CFPB

Jul 2, 2014 by Lewis Wood

The Consumer Financial Protection Bureau (CFPB) changed the fundamental nature of how credit unions go about their day-to-day lending activities, CUNA Mutual Group’s Regulatory Compliance Manager Jon Bundy told an America’s Credit Union Conference...


Park View Federal Credit Union Celebrates 45th Anniversary

Jul 2, 2014 by Lewis Wood

More than 400 members enjoyed a picnic lunch at one of three branches on June 27, in celebration of Park View Federal Credit Union’s (PVFCU) 45th Anniversary. On June 30, the official charter anniversary date, festivities continued with cake and...


Mobile Lending Not An Add-On, But Strategy

Jul 1, 2014 by Lewis Wood

Credit unions are beginning to realize the importance of mobile lending, but many haven’t figured out how it fits into the strategy of their business, a CUNA Mutual Group lending specialist told attendees of America’s Credit Union Conference on Tuesday....


League Endorses Barbara Comstock in 10th Congressional District Race

Jun 26, 2014 by Lewis Wood

The Virginia Credit Union League, the state trade association for the Commonwealth's 164 member-owned credit unions, today announced its endorsement of Barbara Comstock, who is seeking Virginia's 10th Congressional District seat.


Young Northwest Federal Members Deposit More Than $150,000

Jun 24, 2014 by Lewis Wood

Youngsters throughout northern Virginia joined Northwest Federal Credit Union to celebrate National Credit Union Youth Week, an event designed to help area youth learn about money and the value of saving. During the event, Northwest Federal youth members...


Two ABNB Members Receive 2014 Jack E. O’Connor Memorial Scholarships

Jun 19, 2014 by Lewis Wood

ABNB Federal Credit Union is pleased to announce that two of its members, Julia Rodil and Sarah Williams, were chosen as recipients of the 2014 Jack E. O’Connor Memorial Scholarship offered by the Tidewater Chapter of Credit Unions.


DuPont Community CU Recognized for Online Banking Excellence

Jun 19, 2014 by Lewis Wood

A leading international provider of electronic payment and banking systems, ACI Worldwide, recently awarded DuPont Community Credit Union (DCCU) the 2014 Online Banking Excellence Award for DCCU’s seamless online banking system conversion last year....

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