Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- NCUA Provides Updates on Examination Program
January 20, 2022NCUA’s latest Letter to Credit Unions (22-CU-02) provides credit unions with an update on the agency’s examination programs. It also covers NCUA’s supervisory priorities for 2022.
- League Seeks Participants for 2022 Credit Union Day at the General Assembly
January 20, 2022Join us Jan. 27 to lobby for our credit union legislation! Due to COVID-19, we are limiting the number of individuals to 27 who can participate in-person at this year’s Credit Union Day at the General Assembly. We have two credit union-specific bills this session - a secondary capital measure (companion bills HB268 and SB326) and a parity powers measure (companion bills HB209 and SB329)!
- House Committee OKs CU Secondary Capital Bill
January 20, 2022Our credit union bill (HB268) that would fix the Virginia statute so that the NCUA’s Subordinated Debt Rule will not be in conflict with the Virginia Code passed the House Commerce and Energy Committee today without opposition.
- CU 'Secondary Capital' Bill Passes Senate Committee
January 18, 2022Our credit union bill (SB326) that would fix the Virginia statute so that the NCUA’s Subordinated Debt Rule will not be in conflict with the Virginia Code passed the Senate Commerce and Labor Committee yesterday without opposition.
- NCUA Outlines Supervisory Priorities for 2022
January 18, 2022A recent letter to credit unions outlines the National Credit Union Administration’s supervisory priorities and other aspects of the agency’s examination program for 2022. The NCUA remains committed to focusing its examination activities on the areas that pose the highest risk to credit unions, credit union members, and the National Credit Union Share Insurance Fund, the letter notes.
- League, Credit Unions Push Secondary Capital, 'Parity Powers' Bills in General Assembly
January 13, 2022The League and credit unions have two bills that were introduced this session – companion bills HB268/SB326 will fix the Virginia statute so that the NCUA’s Subordinated Debt Rule will not be in conflict with the Virginia Code. Companion bills HB209/SB329 will make the process easier for state-chartered credit unions to exercise the same powers as federally chartered credit unions. Currently, state-chartered credit unions must seek permission to do this; we are asking that be changed to a notice requirement.
- McPike, Torian, Carroll Foy out of race for 7th Congressional District
January 12, 2022The field of potential Democratic challengers to Rep. Abigail Spanberger in the new 7th Congressional District has narrowed as a number of high-profile elected officials have dropped out of the race for the nomination in a Democratic-leaning district that is expected to be highly competitive for Republicans.
- Economic Update Examines Financial Well-Being for All Details
January 12, 2022CUNA Chief Economist Mike Schenk takes an in-depth look into CUNA’s Financial Well-Being for All initiative in this month’s Economic Update video. Schenk also discusses how Financial Well-Being for All informs CUNA and League strategy, and how CUNA is approaching the initiative internally.
- League Meets with Key Lawmakers, Newest Members of the House as General Assembly Convenes
January 12, 2022We're off and running at the Virginia General Assembly! This morning, League President/CEO Carrie Hunt and Grassroots Programs and Political Fundraising Director CeJae Vtipilson met with all 17 new members of the House or one of their key aides.
- Virginia League Joins System Partners in Calling for Relief from PCA Challenges
January 10, 2022The Virginia League joins system partners in asking for additional PCA relief. The current interim final rule is scheduled to expire March 31.