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The Advocate Blog

Richmond Chapter Hosts Annual Legislative Breakfast

Eighty people at the Richmond Chapter’s legislative breakfast this morning heard keynote speaker Sen. John Watkins detail the state’s challenges in the near and long-term.

Watkins, who recently announced he is not running for re-election in 2015, chairs the Senate’s Commerce and Labor Committee,... More

CU Parity Bill Now Ready for President's Signature

 The U.S. Senate just passed the Credit Union Share Insurance Fund Parity Act, which would direct the National Credit Union Administration to extend share insurance coverage to trust accounts, such as Interest on Lawyer Trust Accounts (IOLTAS) and other similar accounts, opened and managed by credit... More

CUNA: Senator's Tax Report Just 'Wrong, Uninformed' on CUs

Retiring Sen. Tom Coburn (R-Okla.) released a report Tuesday--one he says "decodes" the U.S. tax code. In it he calls for the elimination of the credit union tax status, which applies to credit unions because of their cooperative, not-for-profit operating model. 

Protecting the... More

We're Seeking GAC Crasher to Represent Virginia

The Cooperative Trust, in partnership with CUNA, is pleased to announce the launch of applications for Crash the GAC 2015.

The Virginia Credit Union League is a supporter of Crash the GAC and is recruiting a young professional from Virginia to attend the 2015 GAC on scholarship! Please... More

League Contacts Warner's Staff on Number of Legislative Issues

FYI on Washington Doings: This week your League has been in touch with the banking aides for Sen. Mark Warner, who serves on the Senate’s Banking Committee. On one issue, the Warner staff asked if the League supported a bill that would allow privately insured credit unions access to the Federal Home... More

League Webinar Offers Overview of BFI Restructuring

Commissioner Joe Face is restructuring the Bureau of Financial Institutions, owed to the passing of Werner Paul and the recent retirements of two other Deputy Commissioners.

[LEARN MORE] (password for the League website required; register here if you need one.)

Senate Banking Panel Tees Up Future Action on Cybersecurity

Senate lawmakers pressed government officials about whether they’re doing enough to protect the financial system from cyberattacks on Wednesday, warning that more must be done next year to help financial institutions defend themselves.

The issue has gained considerable traction over the past year since... More

League to Host Congressional Reception on March 10

The U.S. House of Representatives' planned recess the week of CUNA's Governmental Affairs Conference is forcing your League to revamp our plans. As you know, we have traditionally hosted our Congressional Luncheon during the week of the GAC. With the planned recess, we've decided instead to invite lawmakers... More

Southside Chapter's Golf Tournament Raises Over $21,000 for CMN Hospitals, VACUPAC

The Southside Chapter's 8th Annual Golf Tournament, held in September, at the Cardinal Golf Course on Fort Lee, raised more than $21,000 to support the Children’s Hospital of Richmond at VCU (a Children's Miracle Network Hospital) and the Virginia Credit Union Political Action Committee (VACUPAC).... More

Matz: Revised RBC Rule Could Be Unveiled Jan. 15, 90-Day Comment Period to Follow

National Credit Union Administration Board Chair Debbie Matz announced recently that she will ask the board to consider a revised version of the risk-based capital proposal at its Jan. 15 open board meeting. Matz also said a 90-day public comment period would likely follow.

"During the six months... More

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