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Home Still Time to RSVP: Credit Union Day at the General Assembly Jan. 18

Still Time to RSVP: Credit Union Day at the General Assembly Jan. 18

1/16/2024

Credit Union Day at the Virginia General Assembly is this Thursday (Jan. 18), and we need you in Richmond! There's still time to RSVP!

Participants: Look for an email from the League tomorrow with a finalized schedule and other information.

We're looking for at least 200 credit union champions to join us as we educate state lawmakers about the "Credit Union Difference" and fight for HB 1205credit union-backed legislation.

This measure would provide credit unions with the authority to hold public deposits (HB 1205). This authority would allow public entities – city and county governments and their various subdivisions, for example – to deposit public funds at local credit unions, providing greater choice, boosting competition, and benefitting taxpayers by providing better rates on deposits.

“More than half the states allow public entities to hold deposits at credit unions, so we believe it’s past time Virginia’s credit unions have this authority,” said League President/CEO Carrie Hunt. “We can expect fierce opposition from the bankers, but our member credit unions understand the importance of advancing the credit union charter and pursuing new authority and new opportunities for credit unions whenever possible.”

The League and credit unions have been laying the groundwork for this legislation for almost a year. In a series of meetings that involved League staff and credit unions, we’ve met with city and county officials, constitutional officers and lawmakers to better understand the service landscape for public entities and to drum up their support for public deposits legislation.

Additional Information About Credit Union Day

  • Your League is working to schedule meetings with Senate and House leadership and members of the Senate and House Commerce Committees. A list of lawmakers with whom we're working to schedule meetings is available here. Feel free to schedule meetings with lawmakers not on this list, as your schedule permits.
  • We'll have our popular Credit Union Day scarves, schedules and legislative talking points available to all attendees.
  • A schedule for the day is also available on the League's mobile app. You can download the app here: http://app.resultsathand.com/vaculapp or scan the QR Code below. Note: the schedule is a work in progresse're still working to schedule meetings.
  • Breakfast and a boxed lunch will be available at the Credit Union House of Virginia (108 N 8th St., Richmond, 23219).
  • You'll pass through security (including metal detectors) each time you enter the General Assembly Building. Plan accordingly.
  • Parking for CU Day: We encourage car-pooling if possible. Click here for a map of possible parking options.


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