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The Advocate Blog

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.

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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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WGL CEO Lynette Smith Tells Congress To Roll Back CFPB Authority

A prominent credit union executive from Virginia called on Congress Tuesday to undertake major changes to ease the authority of the fledgling Consumer Financial Protection Bureau over credit unions and banks.

"I cannot emphasize enough how burdensome and costly the unnecessary and duplicative compliance... More

Virginia’s Credit Unions Represented at Women’s Conference Hosted by Sen. Mark Warner

Credit unions were well represented at the Saturday women’s forum held in Richmond under the auspices of Sen. Mark Warner.

Warner hosts the annual event  in order to provide information and inspiration to women to help them improve their lives.

League Senior Vice President David Miles sat at the... More

CUNA Backs Patent Improvement Bill Filed by Virginia's Bob Goodlatte with Letter of Support

"Financial institutions of every size have been targeted by non-practicing entities (NPEs), often referred to as patent trolls, who in most cases assert low-quality business method patents through vaguely worded demand letters," the letter said.

The letter thanked Rep. Bob Goodlatte (R-Va.)... More

Richmond Chapter Raises $2,125 on ICU Day

The totals are now in, and the Richmond Chapter reports that its second annual Casual for a Cause Day held on International Credit Union Day raised $2,125 for VACUPAC.

Well done Richmond! Eight credit unions participated, and two reached 100% participation among staff members. They were Entrust Financial... More

Tidewater Chapter Plays Host to Local Lawmakers; Celebrates $22,141 Donation to Local Children's Hospital

The Tidewater Chapter proudly hosted local lawmakers during its annual Legislative Night on Oct. 10. Pictured from left: Sen. Kenny Alexander; Carl Ratcliff (ABNB FCU); Del. Lionell Spruill Sr.; Craig Zuidema (ABNB FCU); Sheryl Moody Reddington, legislative aide to Del. Johnny S. Joannou; Nianza Wallace (Beach Municipal FCU); and David Krause (ABNB FCU).

The Tidewater Chapter proudly hosted local lawmakers during its annual Legislative Night on Oct. 10. Pictured from left: Sen. Kenny... More

Roanoke Hosts Legislators at Chapter Meeting

About 40 credit union members heard area lawmakers praise credit unions and urge them to stay in contact during the Roanoke Valley Chapter’s annual legislators’ night.

Sen. John Edwards and Dels. Greg Habeeb, Charles Poindexter, and Onzlee Ware spoke at the event. Sen. Bill Stanley also dropped by,... More

Credit Unions Continue Good Work With 'Don't Tax My CU' Campaign; Sen. Miller Salutes CUs for Financial Ed Initiatives

Eastman CU Reports Great Success on its DTMCU Postcard Campaign

Eastman CU reports on its success with its postcard campaign. Though Eastman is based in Tennessee it has Virginia operations. The postcards are being hand-delivered to the Abingdon district office of VA’s Rep. Morgan Griffith (R-9).

Total... More

Lynchburg Chapter Hosts Local Lawmakers During Annual Legislative Night

Photo Gallery: Lynchburg Legislative Night

The Lynchburg Chapter hosted Dels. Lacey Putney (I-19), Scott Garrett (R-23) and Matt Fariss (R-59) at the Chapter's Annual Legislative Night. The Oct. 8 event drew 40 credit union supporters to Beacon Credit Union's headquarters.

Putney, who is retiring after... More

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