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Latest News Posts
- CURRENT Newsletter | August 18, 2023
August 18, 2023 - Scholarship Winner Reflects on Personal, Professional Growth Following Attendance at Annual AACUC Conference
August 17, 2023The Virginia League proudly sponsors an annual scholarship to the African American Credit Union Coalition's (AACUC) Annual Conference. The scholarship was established in honor of retired TruEnergy Federal Credit Union President/CEO Lynette Smith, a tireless credit union advocate and a champion for the credit union movement at both the state and national levels. She is a past chairwoman of the AACUC. We were pleased to award this year's Lynette Smith Scholarship to Chartway Credit Union's Melisande Corlett, who was so moved by the experience and opportunity, she's written the following post about the Annual Conference and what the networking opportunities and education sessions meant to her, personally and professionally.
- Topside FCU Wins Department of the Navy Distinguished Service Award for Second Time
August 16, 2023Topside Federal Credit Union announced today that it has been awarded the 2022 Department of the Navy Distinguished Small Credit Union Service Award. This recognition is a testament to the hard work and dedication of the Credit Union's team, who consistently prioritize providing exceptional service to their members.
- REGular Blog: New Guidance for Credit Unions on the Cyber Incident Rule
August 15, 2023On Monday, the NCUA released Letter to Credit Unions 23-CU-07, titled Cyber Incident Notification Requirements. The letter provides guidance to credit unions on how to comply with the requirement that NCUA be notified within 72 hours when a credit union experiences a reportable cyber incident. The new requirement goes into effect on September 1, so credit unions should be reviewing this guidance and the rule as they update their procedures.
- CURRENT Newsletter | August 15, 2023
August 15, 2023 - League Announces Winners of 2023 Social Responsibility/Member Service Awards
August 15, 2023The Virginia Credit Union League is pleased to announce the winners of its 2023 Social Responsibility & Member Service Awards. Each year, the League and the Credit Union National Association sponsor four awards competitions to recognize credit unions for their work in financial education, community service and outreach, and excellence in member service.
- REGular Blog: New Guidance for Credit Unions on the Cyber Incident Rule
August 15, 2023On Monday, the NCUA released Letter to Credit Unions 23-CU-07, titled Cyber Incident Notification Requirements. The letter provides guidance to credit unions on how to comply with the requirement that NCUA be notified within 72 hours when a credit union experiences a reportable cyber incident. The new requirement goes into effect on September 1, so credit unions should be reviewing this guidance and the rule as they update their procedures.
- ValleyStar Credit Union Launches System Upgrade and Rebranding Effort
August 15, 2023ValleyStar announces the launch of a new member-focused computer processing system and rebranding effort aimed at better serving members’ financial needs.
- CU Times LUMINARIES Awards Feature Peoples Advantage FCU’s Amanda Habansky, Freedom First CU, PenFed
August 14, 2023Credit Union Times has announced the finalists of its 2023 LUMINARIES Awards. Members of the program’s Class of 2023 are being recognized for the incredible and thoughtful ways they are driving the credit union industry forward.
- NCUA Letter to Credit Unions (23-CU-07): Cyber Incident Notification Requirements
August 14, 2023Beginning on Sept. 1, 2023, all federally insured credit unions must notify the NCUA as soon as possible, and no later than 72 hours, after the credit union reasonably believes it has experienced a reportable cyber incident or received a notification from a third party regarding a reportable cyber incident.