Go to main content Virginia Credit Union League Virginia Credit Union League
Home VACUL Headlines

League News

The latest news from your League including upcoming events, essential information, compliance resources, operational information, and the latest credit union industry news.

League News Resources

Latest News Posts

  • League Advocacy Efforts at GAC Include Scheduled Meetings, Engagement with All 13 Members of Congressional Delegation
    March 1, 2024

    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."     

    Read More »

  • TruStage’s Steven Rick to Offer Economic Outlook Session at IGNITE
    March 1, 2024

    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.

    Read More »

  • Transparency Needed in Any Future NCUA Call Report Changes
    February 29, 2024

    Credit unions support a more transparent process for changes to NCUA’s call report, America’s Credit Unions’ Ann Petros wrote to NCUA Chairman Todd Harper Wednesday. Changes to the call report—proposed by the NCUA Board in December and effective March 31—require credit unions with more than $1 billion in assets to list income related to overdraft fees and non-sufficient funds (NSF) fees in the call report.

    Read More »

  • Chartway Holds 65th Annual Meeting and Announces 2024–2025 Board of Directors
    February 29, 2024

    On February 27, 2024, Chartway held its 65th Annual Meeting and elected by acclamation the following individuals to the board of directors: Ron da Silva, Curtis Price and Lara Shields. Following the Annual Meeting, the board held its annual organizational meeting. During this time, the following slate of officers was established: Nancy McMahon – Chair; Melinda Barbish – 1st Vice Chair; Jared Perry – 2nd Vice Chair; Wayne Foshay, Sr. – Secretary; and Robert Holmes – Treasurer. 

    Read More »

  • Freedom First CU, Non-Profit Partner to Help Low-Income Homebuyers
    February 29, 2024

    As housing affordability remains a major challenge nationwide, a partnership in Virginia involving Freedom First Credit Union is ensuring low-income consumers can afford to not only buy a home but stay in it for the long-term.

    Read More »

  • League Leadership Transition Effective March 1
    February 29, 2024

    Virginia Credit Union League President/CEO Carrie Hunt is departing 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."

    Read More »

  • House Passes Bill to Avert Government Shutdown, Measure Heads to Senate
    February 29, 2024

    House lawmakers approved a temporary spending bill to prevent a partial government shutdown this weekend, with Speaker Mike Johnson (R., La.) forced once again to turn to a coalition made up mostly of Democrats to pass it. The vote was 320 to 99, with slightly more than half of Republicans joining with almost all Democrats to support the measure.

    Read More »

  • US Credit Unions' Credit Quality, Liquidity Positions Deteriorating
    February 29, 2024

    More credit unions are seeing regulatory rating downgrades as credit quality and liquidity issues rear their heads. National Credit Union Administration Chairman Todd Harper is concerned about the safety and soundness of the credit union industry as the number of institutions with adverse CAMELS ratings is on the rise. In a speech earlier this month, the regulator expressed specific concerns about credit quality and liquidity. Data analysis by S&P Global Market Intelligence found that the industry's overall credit quality is deteriorating while its capital position is a mixed bag.

    Read More »

  • SE Management School: Enrollment Now Open for 2024
    February 28, 2024

    Southeast Management School is on a mission to provide you with a premier opportunity to develop your leadership skills so that you can more greatly contribute to the success of your credit union. This intensive, focused program takes three years to complete and meets annually for one week in June at the University of Georgia. Completion of this program guarantees that you'll develop the operational, managerial and leadership abilities necessary to take your career to the next level! 

    Read More »

  • Fed to Host Town Hall on FedNow Fraud Risk Management
    February 28, 2024

    The Federal Reserve will host a free 60-minute webinar with FedNow Service participants sharing how they planned and implemented fraud risk management strategies in advance of adopting the service. Federal Reserve leaders will also preview their new tech-centric developer resource, as well as upcoming engagement opportunities.

    Read More »

 
Go to main navigation

Calendar Events