Mark these dates on your calendar: December 4 and December 11.
December 4 is the date on which authorization for the Highway Trust Fund expires. This is important to credit unions because the House-passed reauthorization bill includes two credit union provisions: one would modernize... More
A number of items to report on the legislative front as we continue to ramp up the #CUstrong campaign in support of two bills we'll introduce in the 2016 General Assembly. The bills cover charter flexibility and public deposits. By the way, our charter flexibility bill is the perfect way to influence... More
The National Credit Union Administration (NCUA) voted today to put out for comment its proposal to modernize credit union field-of-membership rules.
CUNA has launched a full analysis of the proposal and shares early highlights.
The proposed rule would modify the definition of service facility... More
Is the cyberthreat information-sharing bill steaming through Congress a privacy disaster waiting to happen?
The Cybersecurity Information Sharing Act gives government agencies and businesses free rein to share information about cyberthreats, presumably the better to go after hackers and prevent data breaches.... More
The White House threatened to veto two bills on Tuesday – one that would mandate new cost-benefit requirements on the Federal Reserve and the other to allow loans held in portfolio to qualify as a "qualified mortgage."
The Fed bill, called the Fed Oversight Reform and Modernization Act, would... More
(From CUNA's News Now, Nov. 4)
As a bill to give federal savings associations rights and duties equal with national banks passed a U.S. House committee, a series of lawmakers said Congress should also focus on relief for credit unions, which have a superior safety and soundness record.
The House Financial... More
In a win for Virginia's credit unions, all 16 of the state lawmakers the League formally endorsed won re-election bids on Tuesday.
"It was a good day for us and for our friends in the General Assembly," said League President Rick Pillow. "Many organizations steer clear of formal endorsements,... More
The U.S. Senate passed the Cybersecurity Information Sharing Act (CISA) Tuesday afternoon by a vote of 74-21. The bill will now go into conference committee with the House.
Your League is endorsing 16 state lawmakers in races all across the Commonwealth.
As you go to the polls next week, please consider casting your vote for these friends of the movement!
State Sen. Bill Stanley shared news of his endorsement by the League with supporters last week.
Here is the message he forwarded...
This week the Virginia Credit Union League, the statewide trade association for the 150 not-for-profit credit unions headquartered in the Commonwealth, has... More