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The Advocate Blog

CUs To Have Reg Burden Hearing; House Hearing Looks At Bank Failures

The House Financial Services subcommittee on financial institutions and consumer credit Wednesday conducted a "state of the community banking industry" hearing that looked into the causes of the 414 bank failures that occurred from 2008 through 2011.

Congress has not required any similar study... More

House Majority Leader and Virginia Congressman Eric Cantor Addresses CUNA GAC

League President Rick Pillow introduced Majority Leader Rep. Eric Cantor at CUNA’s Governmental Affairs Conference on Wednesday.

League President Rick Pillow introduced Majority Leader Rep. Eric Cantor at CUNA’s Governmental Affairs Conference on Wednesday.

The U.S. Congress could learn much from credit unions, House Majority Leader Eric Cantor (R-Va.) suggested in a Wednesday speech at the Credit Union National Association’s... More

Sen. Warner, House Majority Leader Cantor & Other Delegation Members Address CU Advocates at Congressional Luncheon

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More than 120 credit union advocates from around the Commonwealth converged in Washington Wednesday for the League’s annual Congressional Luncheon.

Most of Virginia’s delegation members attended the event, although two attendees … Reps. Bobby Scott (D-3) and Jim Moran (D-8) …... More

Rep. Connolly Meets With Credit Union Representatives at League’s Annual Congressional Luncheon

WASHINGTON – Congressman Gerry Connolly joined members of the Virginia Credit Union League at their annual Capitol Hill luncheon for Virginia’s congressional delegation. In his comments, Connolly praised the credit unions for their growth in membership and lending and cited their positive impact... More

League Visits All Congressional Offices as Part of Efforts at CUNA GAC

Your League’s Karin Sherbin wrapped up two days of visiting with legislative aides in every single office of our Virginia delegation.

Thanks to Gary Tucker of Eastman Credit Union and David Woodruff, formerly of Commonwealth One and still a Wittman constituent, for attending the meetings with... More

Governor Signs Credit Union Bills

League President Rick Pillow reports that the House versions of our two parity bills - HB 1351 and HB 1686 – have been signed by Gov. Bob McDonnell. They will take effect in July.

We thank all the credit union advocates who helped with our General Assembly efforts this year.... More

CU Charter Enhancements Are Unveiled For 113th Congress

Two key pieces of legislation that would enhance the credit union charter were introduced in the U.S. House last Thursday: One bill (H.R. 688) would address the credit union member business lending (MBL) cap, and another (H.R. 719) would improve credit unions’ access to secondary capital.

“Credit... More

Reps. King, Sherman Introduce Supplemental Capital Bill

WASHINGTON (UPDATED: 2/14/13, 3:45 p.m. ET)--Rep. Pete King (R-N.Y.) and Brad Sherman (D-Calif.) today reintroduced legislation that would permit the National Credit Union Administration to allow credit unions to accept additional forms of capital.

Credit Union National Association President/CEO Bill... More

Credit Union MBL Bill Is Reintroduced

WASHINGTON (UPDATED: 2/14/13, 12:15 p.m. ET)--Rep. Ed Royce (R-Calif.) today reintroduced legislation (H.R. 688) that would increase the credit union member business lending (MBL) cap to 27.5% of assets, from the current 12.25%-of-assets level, and the Credit Union National Association in a letter thanked... More

CU Bills Get Final Seal of Approval; Off to Governor

League President Rick Pillow reports that the House of Delegates this afternoon passed the Senate versions (SB 905 and SB 769) of our credit union bills.

The Senate earlier passed the House versions. What this means is that our bills have received their final legislative seal of approval and... More

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