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Latest News Posts
- Expand Your CU Revenue Streams with Wealth Management Services
February 27, 2023Wealth management services may not be the first thing that comes to mind when people think of credit unions, but that doesn’t mean it shouldn’t be a high priority for credit unions this year.
- CUs Pleased With Legislative Wins, But General Assembly Adjourns Without Budget Deal
February 27, 2023The Virginia General Assembly ended its legislative session Saturday without reaching agreement on sweeping changes to the state budget, leaving both tax cuts and massive new spending on the table as Republicans and Democrats couldn’t break a late deadlock over priorities. Your League is pleased to note a couple of key wins this session, including our cryptocurrency custody services measure and a measure that codifies the Virginia Community Development Financial Institutions Fund.
- CUs, League Host Sen. Mark Warner at Capitol Hill Reception
February 27, 2023Virginia's credit unions and your League hosted U.S. Sen. Mark Warner tonight at a reception on Capitol Hill. Other members of our Congressional Delegation are also expected to attend.
- League, CUs Wrap Up Successful First Days of GAC
February 27, 2023The Virginia Credit Union League and Virginia's Credit Unions are excited to be a part of the Credit Union National Association's Governmental Affairs Conference! Here's a quick summary of the festivities for Day 1 and 2!
- Chartway Promise Foundation Hosts Night at the ODU Arena to Bring Joy, Hope, and Smiles to Children Facing Medical Hardship
February 24, 2023The Chartway Promise Foundation – the charitable arm of Chartway Credit Union – hosted a successful Promise Night at the Arena on February 22, 2023, at Chartway Arena in Norfolk, VA. The event was held during the Old Dominion University Men’s Basketball game and brought together the foundation’s companion charities, supporters, board members, leaders, team members, dozens of kid heroes assisted through its grant program, and their families.
- League Board Seeks Nominees for Kirsch, Farley Awards
February 23, 2023We are seeking your recommendations for prospective candidates for our annual awards. The Virginia Credit Union League Board will name the winners of this year’s James P. Kirsch Lifetime Achievement Award and Eugene H. Farley Jr. Award of Excellence at the Annual Meeting in Williamsburg on May 25, 2023.
- Governance Committee Seeks Prospective Candidates for Three Seats on League Board
February 23, 2023The Governance Committee of the Virginia Credit Union League seeks your recommendations for candidates to be nominated for election to the Board of Directors. In 2023, three board seats are open for election.
- Credit Unions Capture Majority of Q3 2022 Auto Market Share
February 22, 2023The automotive finance market is dynamic, and data in the third quarter of 2022 showed us this again. Credit unions have become the auto financier of choice for consumers: Experian’s “State of the Automotive Finance Market Report: Q3 2022” found that credit unions snagged the largest overall market share, making up 28.44%, from 20.21% in Q3 2021. It’s noteworthy that credit unions surpassed captives and banks for the first time in history – with captives decreasing from 26.64% to 21.89% year-over-year, and banks going from 32.51% in Q3 2021 to 27.32% this quarter.
- CUs, League Set to Meet with Congressional Delegation as Part of Advocacy Efforts at GAC
February 22, 2023As part of our advocacy initiatives at GAC, your League has scheduled meetings with the offices of every current member of our Congressional delegation. Credit unions: Please join us for any meetings your schedule allows to share your credit union's work to serve members and your community!
- League Congratulates Congresswoman-Elect Jennifer McClellan on Historic Win
February 21, 2023Unofficial results have state Sen. Jennifer McClellan winning a seat in the U.S. House of Representatives following Tuesday’s special election for the 4th Congressional District seat. “Virginia’s credit unions congratulate Sen. McClellan,” said League President/CEO Carrie Hunt, “and we look forward to working with her in her new role as a member of Congress. We remain actively engaged with each member of our Congressional delegation on a host of federal issues that directly affect us and our members, including data privacy and security measures, interchange and overdraft services.”