VACUL Headlines
- CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Discontinuation of LIBOR
October 20, 2021The Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies and state bank and credit union regulators Oct. 20 in issuing a statement highlighting the risks posed by the discontinuation of LIBOR (originally an acronym for London Interbank Offered Rate). The CFPB is urging credit unions, banks and nonbanks alike to continue their efforts to transition to alternative reference rates to mitigate consumer protection, financial, legal, and operational risks.
- US Credit Unions Close Net 10 Branches in Q3
October 19, 2021U.S. credit unions opened 55 branches in the third quarter and closed 65, bringing the industry's total number of active branches to 20,250 as of Sept. 30.
- Elections for CUNA Board Coming Soon
October 19, 2021In contested elections for members of the Credit Union National Association Board, voting will begin Nov. 12 and close Dec. 16. Nomination information can be found on CUNA's website.
- DCUC Continues Commitment to Financial Education
October 19, 2021The Defense Credit Union Council (DCUC) said in November it will release its new Installation, Policy, and Operations Guide for Military Credit Unions. The DCUC noted its long tradition of providing financial education and resources to its members that help them serve their military communities.
- SCC Hearing Next Week for Hugely Significant CU Field-of-Membership Case
October 19, 2021Virginia Credit Union and your League will be back before the State Corporation Commission next week, for the latest formal hearing in a now years-long field-of-membership case.
- CU at the Polls! Election Day is Nov. 2
October 19, 2021Election Day is Nov. 2, but voting in Virginia’s general election began last month. Voters are casting ballots for governor, lieutenant governor, attorney general, members of the House of Delegates and several local races. We'll CU at the Polls!
- NCUA to Host Appraisal Bias, Racial Homeowner Gap Webinar
October 18, 2021NCUA will host a webinar, “Bias in Home Appraisals and the Racial Homeownership Gap,” Oct. 27. Registration is now open for the webinar, which is scheduled to begin at 2 p.m. ET
- Ransomware: What to Know to Create an Incident Response Plan
October 18, 2021Review “Ransomware: A Checklist of Things to Know” to learn more about how your credit union should prepare.
- Two Ways to Help Break Down Barriers to Buying Life Insurance
October 18, 2021Life insurance can help reduce anxiety and improve financial wellbeing. Here’s how to help members get the protection they need—especially in uncertain times.
- CUNA Mutual Group Fall 2021 Report
October 18, 2021The Fall 2021 CUNA Mutual Group newsletter is now available.