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The Advocate Blog

Credit Unions Hold Meet-and-Greets With 7th District Candidates

Virginia Credit Union and Entrust Financial Credit Union hosted onsite visits for Republican 7th District Congressional candidate Dave Brat two weeks ago, with Virginia Credit Union also hosting Democratic challenger Jack Trammell Aug. 25.

The visits enabled credit unions in the 7th District to start... More

League Endorses Sen. Mark Warner for Re-Election

The Virginia Credit Union League, the statewide trade association representing 164 not-for-profit credit unions and their 3.25 million member-owners, is endorsing Sen. Mark R. Warner in his re-election bid for the U.S. Senate.

“Senator Warner is a longtime advocate and friend of our member-owned credit... More

Piedmont Chapter Hosts Legislative Night

The Piedmont Chapter held this year’s first Legislator’s Event on Tuesday at its meeting in Danville. Four state lawmakers attended: Sen. Frank Ruff (R-Clarksville), and Dels. Les Adams (R-Chatham), Danny Marshall (R-Danville) and Charles Poindexter (R-Glade Hill). 

Legislatives aides Angie... More

26% of Senate, 76% of House Now Have Voiced RBC Plan Concerns

(FROM CUNA's NEWS NOW)WASHINGTON (8/8/14)--Two more U.S. senators have sent a letter of concern to the National Credit Union Administration regarding its risk-based capital proposal, bringing the total number of Senate lawmakers to weigh in to 26. That's 26% of the chamber's members. And on the House... More

Credit Unions, League Meet with Congressmen on Key Issues

Credit union representatives and League staff met with Congressman Bobby Scott (D-3) and Congressman Gerry Connolly (D-11) in separate district meetings this week.

The head of Virginia Credit Union’s member business lending program, Mike Noble, and a member of the Board of Directors, Roscoe Roberts,... More

Senators Introduce More Reg Relief for CUs, Small Banks

(FROM CUNA's NEWS NOW)WASHINGTON (7/31/14)--U.S. Sens. Angus King (I-Maine), Deb Fischer (R-Neb.), Mark Warner (D-Va.), and Jon Tester (D-Mont.) unveiled new legislation Wednesday intended to provide immediate regulatory relief for America's credit unions and community banks.
 
Calling these smaller... More

House Panel Members Pledge to Work for CU Parity, Also Pass Reg Relief Bill

WASHINGTON (7/30/14)--The House Financial Services Committee examined a number of regulatory relief bills Tuesday, and of the three supported by the Credit Union National Association, one was passed and the other two will go to a recorded vote this morning. Several representatives from both parties... More

Bill to Fight Patent 'Trolls' Passes House Subcommittee

(From the Credit Union National Association)

The House subcommittee on commerce, manufacturing and trade voted 13-6 Thursday to advance a bill designed to combat abusive patent demand letters. The Targeting Rogue and Opaque Letters (TROL) Act of 2014 would crack down on unfair or deceptive practices... More

Advocacy Puts Board Members on Offense

Jean Peterson embraces an idea espoused by Harriet May, retired CEO of GECU in El Paso, Texas, and former CUNA Board chair: It’s time to stop living in fear of taxation and regulation and start promoting, rather than defending, credit unions.

This approach has served Peterson well in the wake of recent... More

After Record 2,052 Comments, NCUA's Next Steps on RBC Plan

The National Credit Union Administration's risk-based capital proposal received a record 2,052 comment letters by the May 28 deadline, surpassing the previous record of 1,300 received in 1995 on proposal that set all rules for federally insured corporate credit unions. The agency said all RBC letters... More

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