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The Advocate Blog

In Letters to Sens. Warner and Kaine, League Asks for Their Leadership on Preserving CU Tax Exemption

Last week, in letters to Sens. Mark Warner and Tim Kaine, your League asked for their leadership in helping preserve the credit union tax exemption.

Sen. Max Baucus, who is helping lead the Senate's tax reform effort, has asked all his fellow senators to forward their thoughts by July 26, on which tax... More

Upcoming Golf Tournaments Will Support VACUPAC

The Roanoke Valley and Southside Chapters both plan golf tournaments to support the Virginia Credit Union Political Action Committee (VACUPAC). The Roanoke Valley event tees off Aug. 23; the Southside Chapter hits the links Sept. 13.

You're invited to participate in these tournaments!

Learn more here:

... More

NCUA Building 'New Risk-Based Capital Framework'

Standard Tailored to Credit Unions 'Makes Sense for Today and Tomorrow'

BOSTON, Mass. (July 12, 2013) – Calling the agency’s one-size-fits-all capital requirement “outdated and insufficient,” National Credit Union Administration Board Chairman Debbie Matz said NCUA will build a “new risk-based... More

Senate Banking To Vote On Metsger NCUA Nomination July 16

(From CUNA's News Now)
WASHINGTON (7/12/13)--The nomination of Richard Metsger to become a member of the National Credit Union Administration board is scheduled to be voted on July 16 by the Senate Banking Committee. The panel will meet in executive session at 10 a.m. (ET). 
The former Oregon State... More

House GSE Reform Bill Is Unveiled

WASHINGTON (7/11/13, UPDATE 12:34 P.M. ET)--The chairman of the House Financial Services Committee, Rep. Jeb Hensarling (R-Texas), and others of the committee's leadership unveiled a bill today they say is intended to "create a sustainable housing finance system."
The Protecting American Taxpayers... More

House Member Writes Treasury that FACTA Too Much for Small Financial Institutions

A House Financial Services Committee member, Rep. Bill Posey (R-Fla.), said in a recent letter to Treasury Secretary Jack Lew that regulations that would require U.S. credit unions and banks to collect information on interest paid to nonresident aliens, and to report that information to regulators, would... More

Congressmen Support Tax Exemption

Earlier this week League President Rick Pillow attended a fundraiser for Del. Kathy Byron, a Lynchburg delegate who sits on House Commerce and Labor. Her special guest was Congressman Bob Goodlatte (R-6), who told Pillow that he supports the tax exempt status for credit unions. We also read in the Eastman... More

Overdraft Price Study: CUs Still the Best Deal

The national average price for overdrafts (ODs) on checking accounts rose to $30 as of June, matching the national average charged by banks the past four years.  The cost of overdrafts has risen steadily since 2009, according to a new study, which shows credit unions again remain the best deal... More

Registration Opens for Sept. 25 Legislative Leadership Forum

This has been quite the year for political involvement! In Washington we have talk of our tax status in danger. On the state level, we have every House seat up for grabs, and election for all three statewide offices. Plus the League has re-launched our governmental affairs and VACUPAC programs.

To make... More

25th Annual VACUPAC Golf Tournament Tees Off Sept. 24

You can register for the Sept. 24 VACUPAC Golf Tournament and Sponsorship Opportunities Online!

This is the link you can use for all your VACUPAC golf needs: http://www.vacul.org/Education/League-Events-Calendar/VACUPAC-2013-Golf-Classic

Register today for the 25th annual VACUPAC golf tournament, to be... More

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