Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- With Congress Pushing Toward Holiday Recess, League Engaged with Lawmakers, Watching for Attempts to Advance Harmful Legislation
December 5, 2023Your League remains engaged with lawmakers and watchful for any movement on credit union-opposed legislation as Congress pushes toward its holiday recess. The National Defense Authorization Act remains a top Congressional priority, notes League Chief Advocacy Officer JT Blau, with lawmakers hoping to pass the legislation before its break. Conferees are working to iron out differences in the Senate and House versions of the NDAA, which means we’ll need to remain watchful for attempts to provide banks with the same “free rent” benefit credit unions receive for facilities on military bases. Credit unions oppose extending “free rent” access to banks, given big banks’ track record of anti-consumer behavior.
- CUs, League Hold Virtual Meeting with Congressman Connolly
December 5, 2023On Dec. 4, advocates from Apple Federal Credit Union, CommonWealth One Federal Credit Union, Navy Federal Credit Union, Northwest Federal Credit Union and the Virginia Credit Union League met virtually with Congressman Gerald Connolly (D-11) to discuss legislation important to Virginia’s credit unions.
- League Writes Sens. Warner, Kaine Ahead of Senate Testimony from CFPB's Chopra
December 5, 2023Last week, your League sent letters to Sens. Mark Warner and Tim Kaine regarding the Consumer Financial Protection Bureau’s (CFPB) Semi-Annual Report to Congress.
- League Showcases Credit Union Difference with Federal Advocacy Work
December 5, 2023It’s been a busy week of advocacy work at the federal level, with your League working to showcase the ‘Credit Union Difference.’
- League Hosting Free Compliance Webinar Dec. 6
December 4, 2023Count on your League to help you manage today's complex regulatory compliance environment. Our next quarterly Compliance Roundtable is scheduled for Dec. 6.
- League Member Credit Union Call-in with Carrie Set for Dec. 12
December 4, 2023League President/CEO Carrie Hunt hosts our virtual membership meeting on Dec. 12, with updates on the coming General Assembly session, federal advocacy issues, and more! We want to hear from you on the issues and concerns that weigh on your credit union and your thoughts on the League's direction and services.
- NCUA Reinstates Civil Money Penalties for Late Call Report Filing
November 28, 2023The National Credit Union Administration today announced that it will reinstate assessing civil money penalties for credit unions failing to submit NCUA Form 5300 Call Report on time, effective January 1, 2024.
- League Submits Comment Letter on NCUA Budget Proposal
November 21, 2023Your League today filed its written comments on the National Credit Union Administration’s 2024-2025 budget proposal. Our written comments expand on the testimony of League President/CEO Carrie Hunt last week at the agency’s in-person public hearing.
- Hampton Roads Legislative Reception Set for Dec. 14
November 17, 2023Your League and ABNB Federal Credit Union are hosting a Legislative Reception in Norfolk on Dec 14. Join us and legislators from across the region as we prepare for the 2024 General Assembly session. Your attendance is instrumental in advocating for your credit union and the Virginia credit union system.
- CU Day at the General Assembly: Our Premier State-Level Advocacy Event Returns Jan. 18
November 17, 2023Credit Union Day at the Virginia General Assembly returns Jan. 18 and we need you in Richmond!