Latest News & VACUL Headlines
- CUs Must Have Parity with Banks in Deposit Reform Legislation
May 9, 2023Credit unions must receive parity with banks in any deposit reform legislation, CUNA wrote to House Financial Services and Senate Banking, Housing, and Urban Affairs Committee leadership Monday. Congress and the Federal Reserve have indicated interest in deposit insurance reform in the wake of recent high-profile bank collapses. This is an issue your League is following closely, as well.
- Richmond-Area CUs Hit the Links for VACUPAC
May 9, 2023Sixty golfers teed off in the Richmond-area Bill Dawson VACUPAC Golf Tournament on May 9. Hosted and organized by Henrico Federal Credit Union, the annual fundraiser supports the Virginia Credit Union Political Action Committee (VACUPAC), the political action committee for Virginia-based credit unions.
- CUs, League Hold Virtual Meeting with Rep. Wittman; Bank Branches on Military Bases, Interchange Among Key Topics
May 8, 2023Credit union advocates from BayPort Credit Union, Henrico Federal Credit Union, Langley Federal Credit Union, NavyFed, and Topside Federal Credit Union joined the League in a virtual meeting with Congressman Rob Wittman (R -1) on May 4.
- Voting for Primary Elections Has Begun; Here's What You Need to Know
May 8, 2023Early voting for Virginia’s June 20 primary election began May 5. As we reported earlier, 44 primary races will be taking place throughout Virginia. Some of these races see newcomers running against long-time incumbents, other races have all new faces and only a couple pit incumbents against each other.
- ValleyStar RISE Foundation Hosting 26th Annual Golf Tournament - FORE THE KIDS
May 5, 2023The ValleyStar RISE Foundation is proud to host its 26th annual charitable golf tournament - FORE THE KIDS on May 11, 2023, at Chatmoss Country Club in Martinsville, Virginia.
- BayPort Foundation Charity Golf Classic Raises More Than $135,000
May 5, 2023The BayPort Foundation is excited to announce that it has raised $136,175 at its second annual Charity Golf Classic event, hosted on April 27, 2023. Forty-two businesses sponsored the tournament, including the 84 golfers who played the award-winning golf course at the James River Country Club in Newport News.
- 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.