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The Advocate Blog

League-Endorsed John Cosgrove Wins GOP Nomination for State Senate Seat

Del. John Cosgrove, endorsed by the Virginia Credit Union League, comfortably won his party's nomination in a firehouse primary last Thursday, earning a chance to succeed retiring state Sen. Harry Blevins.

Cosgrove bested Portsmouth's Chris Stearns and Chesapeake resident Bill Haley. He received 1,362... More

League-Endorsed State Senate Candidate John Cosgrove Faces May 9 Primary; Help His Campaign, Get Out and Vote!

Del. John Cosgrove (R-78) faces off May 9 against his Republican challenger for the GOP nomination for the Senate seat being vacated by Sen. Harry Blevins. The Senate district covers part of Chesapeake, Franklin City, Isle of Wight, Portsmouth, Southampton, Suffolk and Virginia Beach.

Cosgrove is a member... More

League President Updates State Legislators on CU Issues

League President Rick Pillow met Tuesday with Senate and House leaders at fundraisers hosted by the League’s lobbying firm, Hunton & Williams.

Pillow met with House Majority Leader Kirk Cox and top Senate Republican leaders: Ryan McDougle, Republican Caucus Chairman and member of the Courts of Justice... More

CFPB Proposes CUNA-Sought Credit Rule Delay

(FROM CUNA's NEWS NOW, May 8)

The Consumer Financial Protection Bureau has favorably responded to the Credit Union National Association's recent request that the agency delay a June 1 effective date relating to the prohibition on financing certain credit insurance charges. The provision is contained... More

League Endorses Six State Lawmakers; Seeks CUs' Aid for Campaigns

Your League has endorsed a slate of lawmakers in upcoming primaries and the general election. All have proven to be good friends to Virginia's credit unions, and most are veteran lawmakers.

Our hope is that you'll get involved and help these lawmakers any way you can. If you can help, please contact your... More

CUNA In CU Insight: 96 Million Voices Can Back CUs In Tax Battle

Ninety-six million members' voices could potentially be heard in support of credit unions as Capitol Hill tax reform discussions continue in the coming weeks, Credit Union National Association Executive Vice President of Strategic Communications Paul Gentile wrote in a Wednesday CUinsight.com ... More

Ways And Means Working Group Tax Reform Report Delivered

The credit union tax status is one of many issues discussed in the just-released report on tax policy reform created by 11 House Ways and Mean working groups and delivered to the Joint Committee on Taxation.

The 550-plus page report does not contain any policy recommendations, but lists the pluses and... More

CUs Must Be Heard As Tax Talk Intensifies

The Credit Union National Association is vigorously defending the credit union tax exemption as the U.S. Congress continues to consider broad tax code changes.

However, "the days of playing defense are coming to an end--and the time for actively advocating for a continued tax exemption is here,"... More

NCUA Supports CU Capital Bill

The National Credit Union Administration backs a bill that would allow well-capitalized credit unions to match a growing deposit base from a growing membership with capital from sources other than retained earnings--which currently is the only type of capital that counts toward capital ratio.

Under current... More

Eastman CU Urges Rep. Griffith To Support Exam Fairness Bill

Eastman Credit Union recently wrote to Rep. Morgan Griffith (R-9) asking for his support on H.R. 1553, the bill that would institute new criteria and an appeals process in the regulator examination process.

“The current examination practice is costly, unwieldy and onerous to credit unions. This legislation... More

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