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Latest News Posts
- BayPort Credit Union Celebrates Grand Opening of Portsmouth Branch Relocation
May 5, 2023BayPort Credit Union announced the opening of its newest Portsmouth branch location to better serve its growing Southside membership. BayPort celebrated the grand opening with an official ribbon-cutting ceremony led by Portsmouth Mayor Shannon Glover and Vice-Mayor Lisa Lucas-Burke.
- League's Karima Freeman Promoted to COO
May 5, 2023The Virginia Credit Union League is proud to announce the promotion of Karima Freeman to Chief Operating Officer.
- Sen. Tim Kaine Signs On as Co-Sponsor of CU Legislation
May 4, 2023Sen. Tim Kaine has signed on as a co-sponsor of S.610, the Credit Union Board Modernization Act. This bipartisan measure would change the requirement for federally chartered credit union boards to meet once a month to not less than six times per year for qualifying credit unions. Sen. Kaine supported this same legislation in the last session of Congress.
- League Files Comment Letter on Credit Card Late Fees; Notes 'Negative Consequences' of CFPB Proposal
May 3, 2023Your League today filed a comment letter with the Consumer Financial Protection Bureau on a proposal that slashes what is effectively a regulatory cap on most credit card late fees.
- Zest AI: Every Important Journey Needs a Navigator
May 3, 2023Automated underwriting allows for proactive monitoring of changes so credit unions can get ahead of the curve and provide the best support for their communities, notes Zest AI. Models can be optimized to accommodate economic shifts, giving you the best route to ensure consistent, fair, and compliant lending. Click here to read more.
- Tidewater Chapter to Honor Education Scholarship Winners May 11
May 2, 2023The Tidewater Chapter will recognize the 2023 Leigh Ann Graham Scholarship winners on May 11. For more than three decades, the Chapter's scholarship program has helped high school and college students pursue their educational dreams. It is named in honor of Leigh Ann Graham, a dedicated 20-year volunteer for the Tidewater Chapter, who worked tirelessly to support the Chapter's scholarship initiatives and charitable giving.
- Register Now for NCUA’s May 18 Webinar on Elder Financial Abuse
May 2, 2023In recognition of Older Americans Month, the NCUA is partnering with the AARP and the CFPB to host a May 18 webinar that addresses how society views and talks about financial crimes against older adults.
- Credit Unions, League Host Meeting With Longtime CU Champion Rep. Gerry Connolly
May 2, 2023Credit union advocates joined the League on Monday for a virtual meeting with longtime credit union supporter, Rep. Gerry Connolly (D-11th).
- FDIC Weighs Change to Deposit Insurance Policy; League Monitoring Issue
May 2, 2023The FDIC is considering options to overhaul its deposit insurance coverage. As part of its analysis of the deposit insurance system, the FDIC outlines three options for deposit insurance reform in a report released this week. Your League is monitoring this issue, noting the need for parity between FDIC and NCUSIF coverage, as well as the need for careful consideration on the part of Congress in terms of both risks and financial costs in restructuring deposit insurance.
- Sponsors Needed By May 10 for VACUPAC Golf Challenge, Lunch at Williamsburg Winery
May 2, 2023Sponsorships are critical to the success of the VACUPAC Golf Challenge and our inaugural VACUPAC Wine-Tasting and Networking Lunch! Please consider supporting our advocacy work through your sponsorships!