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The Advocate Blog

League, CUs Attend 'Town Hall' with Sen. Mark Warner; Discuss GSE Reform

The Virginia Bankers Association hosted Sen. Mark Warner Friday for a town hall meeting where interested groups discussed GSE reform. League Senior Vice President David Miles and several credit union representatives attended.

The Virginia Bankers Association hosted Sen. Mark Warner Friday for a town... More

CULAC Sets Fundraising Record in 2013

WASHINGTON (1/13/14)--CULAC, the Credit Union National Association's federal political action committee had a record-setting fundraising year in 2013, which followed a banner-flying 2012. 2013's fundraising total of $2.14 million represents CULAC's best non-election year ever.
We're also pleased to... More

CU Days Set for General Assembly Session

Credit union chapters will be heading to Richmond on the following dates:

  • Jan. 20: Piedmont
  • Jan. 21: Tidewater and Hampton Roads
  • Jan. 22: Central VA, Richmond, Roanoke Valley, Southwest
  • Jan. 23: Lynchburg and Southside
  • Feb. 5: NOVA

What the League will do for CU Day
• We will provide background... More

Legislation Begins To Roll in for 2014 General Assembly Session

We’re starting to track legislation filed for the upcoming General Assembly session, which began Jan. 8. The

League has no legislation this session, and so far we have not seen any bills that we need to oppose.
Below is an example of a few bills that have some relevancy to credit unions:

League Attend Prayer Breakfast for Legislators

President Rick Pillow and Vice President for Public Relations Lewis Wood represented the League  Wednesday at the Commonwealth of Virginia Prayer Breakfast.

This annual event is held the morning of the day that the General Assembly convenes.  Pillow said the League was seated next to Del. Greg... More

Richmond Hosts Last Chapter Legislative Event of 2013

Richmond Chapter Legislative Breakfast

Seventy people attended the Richmond Chapter's Legislative Breakfast on Dec. 12. Pictured from left: Andrew Reynolds (BayLands Federal... More

Goodlatte’s Patent Bill Skedded for Markup Today

In advance of a markup session today, the Credit Union National Association and a coalition of partners sent a letter of support to lawmakers for "The Innovation Act of 2013" (H.R. 3309), which intends to help clean up a scourge known as "patent trolls." League President Rick Pillow... More

Roundup of General Assembly-Related News & Newsmakers

Washington Post: Cuccinelli Says He’ll Return To Private Practice, But Is that All?

In his first interview since Democrat Terry McAuliffe defeated him to become the state’s 72nd governor, Cuccinelli (R) said Monday that although he has no current plans to run, he finds the idea of challenging Sen.... More

Bills Would Allow Prize Linked Savings Accounts

Federal legislation that would allow credit unions and other financial institutions nationwide to offer prize-linked savings accounts (PLS) was introduced in the U.S. House and Senate this week.

[read more]

CUNA Still Concerned about QRM

CUNA has an overarching concern that the QM/QRM should never become the only type of mortgage that regulators will permit or that the secondary market will accommodate.

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