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Latest News Posts
- Stablecoin Activity Should Be Limited to Insured Institutions
April 19, 2023Congress should subject payment stablecoins to a regulatory framework that limits activity to insured depository institutions and their subsidiaries, CUNA wrote to the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion Tuesday. The committee will conduct a hearing on stablecoin Wednesday, and CUNA submitted its letter for the record of the hearing.
- IGNITE 2023 Education Session: AI-Driven Resilience: Member-Focused Lending for Credit Unions in Any Economic Climate
April 18, 2023In this session, we’ll review data from members on what they want from their credit union during a recession and will share insights and lessons from decisions made during past harsh financial climates. You'll learn how AI-automated underwriting credit unions can make smarter, more inclusive and efficient lending decisions in good times or bad.
- League Monitoring Interest Rate Discussion at NCUA’s April 20 Board Meeting
April 18, 2023The NCUA board will be briefed on the federal credit union interest rate ceiling and issue a request for information on climate-related financial risk at its April 20 meeting. Your League urged NCUA to consider increasing the fixed rate cap or adopting a floating rate cap.
- League Readies for Busy Primary, Election Seasons and Unprecedented Turnover in General Assembly
April 18, 2023Earlier this month was the deadline for candidates to submit to run in Virginia’s June 20 state primaries. While there are some districts holding party-run conventions or firehouse primaries that allow for later submissions, the vast majority of primary races for the Virginia House and Senate have been set.
- Registration Open for May 3 Webinar on Simplified CECL Tool
April 18, 2023NCUA will host a webinar on May 3 explaining the agency’s Simplified CECL Tool, created to help small credit unions implement the current expected credit losses (CECL) accounting standard.
- Interest Rate Cap Briefing, Climate Risk RFI on NCUA’s April 20 Agenda
April 14, 2023The NCUA board will be briefed on the federal credit union interest rate ceiling and issue a request for information on climate-related financial risk at its April 20 meeting. CUNA requested NCUA consider increasing the fixed rate cap or adopting a floating rate cap in recent engagement with the agency. The Federal Credit Union Act provides a default interest rate limit for federal credit union loans of 15%, and permits the NCUA Board to increase the rate cap if certain conditions are met. It has been 18% since the late 1980s, most recently renewed in January.
- Early Bird Registration for IGNITE 2023 Ends April 24
April 14, 2023Just a reminder that the early bird discount for IGNITE | the League Annual Meeting is April 24! Register now and save $50! We’re excited to be returning to historic Williamsburg May 24-26 with four stellar keynote sessions, four timely education breakouts and networking opportunities galore!
- IGNITE 2023 Education Session: Managing Teams Who Are Out of Sight, Not Out of Mind!
April 14, 2023Credit union leaders are now faced with the unique challenge of managing remote and hybrid employees while balancing the needs of employees who provide crucial member-facing services for the community. This session will help you navigate these complex workplace trends so that the employees and leaders are engaged, connected and productive.
- Join Liberty University Athletes at Freedom First’s Lynchburg Branch Grand Opening Celebration
April 14, 2023Freedom First Credit Union will be hosting a grand opening celebration on Thursday, April 20th at their new branch location, located at 2102 Langhorne Road.
- Peoples Advantage Federal Credit Union Awarded CDFI ERP Grant
April 12, 2023Peoples Advantage Federal Credit Union (PAFCU) received $6.1 million in CDFI Equitable Recovery Program (CDFI ERP) funding by the U.S. Department of Treasury on Monday. Peoples Advantage was one of 11 organizations that received funding in the state of Virginia.