Home News CURRENT Newsletter | March 1, 2024

CURRENT Newsletter | March 1, 2024

Authored By: Lewis Wood on 3/1/2024

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League Advocacy Efforts at GAC Include Scheduled Meetings, Engagement with All 13 Members of Congressional Delegation

Your League anticipates meeting with the offices of all 13 members of Virginia's Congressional delegation during next week's Governmental Affairs Conference (GAC) in Washington, D.C.

"GAC represents a unique opportunity to engage with federal lawmakers, not only to discuss our legislative priorities but also to showcase the 'Credit Union Difference,'" said League Chief Advocacy Officer JT Blau. "Our advocacy efforts are increasingly important as we face a challenging regulatory landscape and a host of issues that impact our ability to compete in today's marketplace, including fraud, threats to critical revenue streams, and the growing need to enhance the credit union charter."

League Leadership Transition Effective March 1

Virginia Credit Union League President/CEO Carrie Hunt departed the League to serve as Chief Advocacy Officer for America’s Credit Unions, effective March 1. Karima Freeman will serve as Interim CEO. "I want to thank member credit unions for their tremendous support of the League and me personally, these past two-and-a-half years," said Carrie Hunt. "I'm excited about what the League has done in terms of focusing on advocacy, collaboration and business-forward solutions. And there's more to come! We have a wonderful team at the League that is focused solely on the needs of member credit unions. I'm excited to see the League write the next great chapter in its history."

TruStage’s Steven Rick to Offer Economic Outlook Session at IGNITE

At IGNITE | the League Annual Meeting, TruStage Director/Chief Economist Steven Rick will offer an in-depth look at the economic trends and forecasts that will matter in 2024 and beyond! Don’t miss this essential session guaranteed to help you spot and address potential balance sheet challenges at your credit union.

LEARN MORE AND REGISTER

League Board Seeks Nominations for Kirsch, Farley Awards

We are seeking your recommendations for prospective candidates for our annual awards. The Virginia Credit Union League Board will name the winners of this year’s James P. Kirsch Lifetime Achievement Award and Eugene H. Farley Jr. Award of Excellence at the League Annual Meeting in Washington D.C. on May 2, 2024. Nominations are due by March 15, 2024.

League’s Reg Compliance Update Set for March 13

Count on your League to help you manage today's complex regulatory compliance environment! We've scheduled the first of this year’s quarterly virtual updates for March 13, with topics of discussion to include news and notes from the General Assembly, recent proposals by the CFPB on fees, and coming changes to the NCUA Call Report.

JT Blau, Chief Advocacy Officer of the League, and attorney Jay Spruill (Woods Rogers Vandeventer Black PLC), who serves as lead attorney for the League's Compliance Hotline, will lead the discussion.

CU PolicyPro Training March 14

Join us and InfoSight on March 14 as we dive into the intricacies of CU PolicyPro and help you take full advantage of the features and resources available within the policy management system. This free webinar will teach you how to customize PolicyPro’s model content, best practices for formatting, and how to publish and distribute policies and procedures to your staff, board members, and examiners. New and experienced users will benefit from this training.

Credit Unions: Apply for Grants to Support Your Financial Education Initiatives; Deadline March 15

Through the generosity of Vizo Financial Corporate Credit Union, Virginia's credit unions can apply for grants that will fund financial education projects or programs. Up to $50,000 annually will be allocated to Virginia, provided the funds are utilized.

Looking to start a financial education partnership with a local school? Need an age-appropriate curriculum? Need computer equipment or software licenses? All these items -- and more – would be eligible uses for the grant funds! Submit your grant application no later than March 15, 2024, to be considered.

In Other News …

Tags: GAC, Governmental Affairs Conference, IGNITE, Annual Meeting, Compliance, League Board, governance committee, Grants, Financial Education, PolicyPro, Kirsch Farley Awards, League Leadership Transition

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