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Latest News Posts
- ValleyStar RISE Foundation Announces Golf Tournament to Support Children’s Miracle Network
April 10, 2023The ValleyStar RISE Foundation, the philanthropic arm of ValleyStar Credit Union, will host a golf tournament on May 11, to aid Carilion Children’s Hospital in Roanoke in purchasing life-saving medical equipment.
- NCUA Opening 2023 CDRLF Grant Round May 1
April 7, 2023The National Credit Union Administration (NCUA) announced Wednesday credit unions eligible for Community Development Revolving Loan Fund grants in 2023 can apply between May 1 and June 30.
- National Credit Union Youth Month: Still Time to Participate and Help Young Members
April 7, 2023Are you helping your young members Unleash the Power of Saving at Your Credit Union™? There are different ways you can participate in National Credit Union Youth Month and promote healthy financial habits ...
- League Meets with Congressman Ben Cline
April 6, 2023VACUL's Chief Advocacy Officer, J.T. Blau and members Tim Rowe with Member One FCU, and Justin Barnes with ValleyStar CU, met with Congressman Ben Cline (R-06) in his Roanoke District Office on Thursday, April 6th.
- BayPort Wins Two CUNA Diamond Awards for Creative Excellence in Marketing
April 3, 2023BayPort Credit Union today announced it was honored with two Diamond Awards by the Credit Union National Association (CUNA) Marketing and Business Development Council. BayPort won in the Complete Campaign category for its Auto No Payments for 120 Days campaign and the Website category for its $500,000 Accelerating Change Together (ACT) Grant website design and launch.
- Compliance: ACH Contact Registry Deadline Aug. 1
March 30, 2023Enforcement of Nacha’s Automated Clearing House (ACH) Contact Registry rule is effective Aug. 1, meaning credit unions must register their contacts with the registry by then. Nacha—the organization that administers the ACH network—has created several resources for credit unions to familiarize themselves with the registry.
- Regulatory Alert (23-RA-02) Home Mortgage Disclosure Act Data Collection Requirements for Calendar Year 2023
March 30, 2023If your credit union makes residential mortgage loans and meets certain criteria, you must comply with the Consumer Financial Protection Bureau’s (CFPB) Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
- IGNITE 2023 Keynote: U.S. Economic Outlook and Its Impact on CUs
March 30, 2023CUNA Mutual Chief Economist Steven Rick is back by popular demand at IGNITE 2023!
- CFPB Releases Section 1071 Small Business Lending Final Rule; League Remains Concerned About Scope of Rule, Regulatory Burden
March 30, 2023The Consumer Financial Protection Bureau (CFPB) released its final rule on section 1071 of the Dodd-Frank Act Thursday, which would require credit unions to collect and report certain data on applications for credit. While your League recognizes that this rule was mandated by Congress, we urged the CFPB as it crafted the final rule to carefully consider how the scope of its rule might impact the cost of small business borrowing and how burdensome data collection required by the rule would affect smaller financial institutions, like credit unions. We also noted the potential privacy concerns related to the public release of this data.
- League Congratulates Lamont Bagby On Successful Run for State Senate
March 29, 2023The Virginia Credit Union Leagues congratulates Sen.-elect Lamont Bagby on his election to represent Virginia’s 9th State Senate District.