U.S. Senate candidate Timothy M. Kaine will have a coveted speaking role at next month’s Democratic National Convention in Charlotte. Kaine, a former governor and Democratic National Committee chairman, is locked in one of the nation’s most competitive Senate races against George Allen, who’s fighting... More
The NCUA has notified more than 1,000 credit unions this week – including 36 here in Virginia – that they are eligible to be designated as a Low-Income Credit Union (LICU), because 50.1% of its membership is domiciled in areas meeting defined low-income criteria, based on 2010 census data.
Sadly, the cap on credit union member business lending is having a negative impact on credit unions’ ability to aid small business.
This was reported in Credit Union Times and CUNA’s NewsNow this week…
Of the more than 1,000 small businesses that applied for funding... More
Banks hoping Congress will extend the FDIC’s Transaction Guarantee Program are facing opposition from Sen. Bob Corker (R-Tenn.), who occupies a seat on the Senate Banking Committee. Corker penned an Aug. 2 letter to FDIC Chairman Martin Gruenberg that was critical of extending the temporary program... More
The Virginia Credit Union League, which represents 184 not-for-profit credit unions and the 3 million Virginians they serve, today announced its endorsement of former Virginia Gov. Tim Kaine in his bid for the U.S. Senate.
“Decisions made in Washington have a direct impact on credit unions’ ability... More
Credit union representatives were fortunate enough to catch up with Congressman Randy Forbes to thank him for his support on two key pieces of legislation.
HR 4367, which Forbes voted in favor, eliminates a frustrating regulatory burden for credit unions, namely the mandate that ATMs carry a... More
Credit union representatives will meet with Sen. Warner and Rep. Hurt July 25 to urge their support of legislation that would raise the cap on member business lending.
Both lawmakers are key to our efforts: Warner sits on the Senate Banking Committee and Hurt is a member of the House Financial Services... More
Five state lawmakers gave 40 attendees of the Hampton Roads legislators’ night a glimpse of what it’s like in the General Assembly as they engaged in lively discussions with credit union representatives.
Attending the event were Senate Majority Leader Tommy Norment and Sen. John Miller, as well as... More
Representatives from the League and credit unions met with Gov. Tim Kaine in Richmond on Tuesday to discuss key credit union issues.
The highlight of the meeting was Gov. Kaine’s support for raising the member business cap, noting that he considered it a small business and credit availability issue.... More
Credit unions’ small business lending efforts received recognition in three separate features in prominent Washington,D.C. media, including National Public Radio (NPR); theWashington Post’s weekly business journal, Capital Business; and WTOP. They told how the... More