CURRENT Newsletter | August 8, 2023

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Virginia League’s Hunt Eyes Evolution of CU System

Regarding the potential merger between CUNA and NAFCU, the Credit Union Times noted League President/CEO Carrie Hunt’s unique perspective given her current League leadership position and her previous role as a former NAFCU executive. For two years, Hunt has led the League after years inside NAFCU as the organization’s EVP of government affairs and general counsel.

“I long have thought that we [CUNA and NAFCU] needed to work better together,” Hunt said. “I strongly support collaboration to continue to either move the dial or push us forward in terms of credit union advocacy. And I think we can do that better together. I think that both CUNA and NAFCU have, you know, some of the same, but also some different strengths. So I think if we meld what’s the same for efficiencies and we take what’s best in both organizations, then we really will dramatically improve the results that we get for our advocacy because I think that is what we all really want.”

Related: Press Conference Planned on NAFCU/CUNA Merger

Legislative Reception Tonight in Harrisonburg! Roanoke, Richmond, NoVA Events Later This Month

Credit union advocates will gather tonight in Harrisonburg for the second of our summer Legislative Receptions. Scheduled to attend are Congressman Ben Cline (R-6^th) and a number of state lawmakers and local officials. Later this month, we’ll host receptions in Roanoke (Aug. 22), Richmond (Aug. 24) and NoVA (Aug. 30)! Registration is open for all three events! We are also planning an event in Greater Hampton Roads. Details coming soon!

Seminar Offers Overview of CU System, Financials & Philosophy

On Sept. 13 in Richmond, your League will host a special seminar as part of our EMERGE Leadership Certification program. We will cover credit union financials, the structure of the credit union industry, our philosophy, and the importance of your role as a credit union advocate. Anyone can participate in this training, including your Board and Supervisory Committee members.

Learn more

NOTE: This is the second module of our EMERGE Leadership Certification program, but anyone interested in this program is encouraged to register!

League Offers Scholarships for Upcoming Small CU Conferences

Your League is joining CUNA and other Leagues to host two regional conferences for small credit unions (less than $120 million in assets) – Aug. 27-29 (Philadelphia, PA) and Sept. 10-12 (Hunstsville, AL). Geared toward management and board members, these low-cost events will focus on how smaller credit unions can strengthen their operations and remain competitive long into the future. Your League is offering scholarships for these events to qualifying credit unions. IMPORTANT NOTES: The Alabama event is full, but if you registered for the event, you’re still eligible to apply for a League scholarship. Hotel reservation deadline is Aug. 10 for both events.

Essentials, Advanced IRA Training Set for Oct. 18-19

Offered in partnership with Ascensus and participating credit union leagues of Virginia, Tennessee, Mississippi and West Virginia. Register now for our IRA Essentials and IRA Advanced virtual training sessions on Oct. 18-19. Ascensus is the nation's premier provider of IRA services for credit unions, so whether you are new to IRAs or an experienced administrator wanting an update, you'll find the training you need to serve your members' IRA needs.

Discovery Conference Set for Aug. 10

Discovery2023 will focus on delivering engaging thought leadership content centered around the challenges and opportunities that resonate with credit union leaders and executives. Gain insights to fuel your strategic planning initiatives as we near the end of 2023 and head into 2024.

TruStage Risk Forum Aug. 16: Transactions & Fraud

No matter the channel, fraudsters are crafty, knowing how to pressure people to make decisions. Bad actors go to great lengths to commit theft or fraud by manipulating credit union executives, employees, and even members.

In Other News …

• TRGroup, League Hosting 2nd Annual Women's Conference
• TRGroup, Virginia League Plan Compliance, HR Conferences This September
• CUNA, NAFCU respond to CDFI Fund certification recommendations
• Filene to Host Webinar on Embedded Finance (embedded finance will also be a keynote session at this year’s League GROWTH Conference)
• Vizo Financial Plans Financial Conference Sept. 13-15
• CUNA, Leagues Running Ads in 6 States on Credit Card Bill
• Credit union loans outstanding increased 0.6% in May
• Judge's CFPB data rule pause could open a lane for late fee rule opponents
• Americans’ credit card debt hits a record $1 trillion