CURRENT Newsletter | December 14, 2022 - Virginia Credit Union League

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CURRENT Newsletter | December 14, 2022

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League Hosts Member Call-In on Advocacy Issues, Services; Archived Video Available!

Your League hosted a Member Call-In and Open Dialogue today with League President/CEO Carrie Hunt and Chief Advocacy Officer JT Blau outlining the regulatory and legislative issues we’re monitoring at both the state and federal levels. Topics include CFPB regulatory initiatives; privacy and interchange legislation at the federal level; our 2023 General Assembly session agenda; special elections for Virginia’s 4^th District Congressional seat and 7^th District state Senate seat; and Jan. 19’s Credit Union Day at the General Assembly.

View the video (League password required; register here if you need one)

CU Day at the General Assembly: Our Premier State-Level Advocacy Event Returns Jan. 19!

Credit Union Day at the Virginia General Assembly returns Jan. 19 and we need you in Richmond! We're looking for at least 200 credit union champions to join us as we educate state lawmakers about the "Credit Union Difference" and fight for credit union-backed legislation.

Learn more and register

NCUA Board Meets Dec. 15: Budget, NCUSIF Operating Level & More on Agenda

The NCUA board will meet Thursday to finalize its 2023-24 budget, review the normal operating level (NOL) for the Share Insurance Fund (SIF) for 2023, and propose a rule related to financial innovation.

Your League will be watching the meeting closely, having actively engaged in the budget comment process and being keenly interested in seeing NCUA returning the NOL to its historic level of 1.3%. The meeting will begin at 10 a.m. A livestream will be available on the agency’s website.

IGNITE 2023 | League Annual Meeting Registration Now Open

At the request of credit unions interested in paying for IGNITE 2023 | League Annual Meeting registrations through this year’s budget, we’re pleased to announce that registration is now open! Our host hotel – Williamsburg Lodge – is also accepting reservations.

Register for IGNITE
Book Your Hotel

League's Hunt to Serve as CUNA Examination & Supervision Subcommittee Vice Chair; Named to Board of Statewide Financial Education Organization

League President/CEO Carrie Hunt has been named Vice Chair of the CUNA Advocacy Committee’s Examination & Supervision Subcommittee, and also recently joined the board of the Virginia Council of Economic Education, a nonprofit organization dedicated to providing Virginia’s K-12 students with the knowledge and personal finance skills necessary to succeed in today’s dynamic economy.

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League/CU Webinar Network Announce Pricing Change for 2023; Opportunities to Save with Bulk Purchases, Specials

We understand the importance you place on the timely, relevant webinars provided through our partnership with the CU Webinar Network, our longtime provider and partner. We remain committed to providing programming that meets your needs and expectations and want you to be aware of the modest increase in webinar pricing in 2023, the first increase implemented since the launch of our webinar partnership more than 15 years ago. Live or on-demand pricing will rise $25 to $225 per webinar. Bundle pricing for both the live and on-demand versions of the webinar will rise $25 to $275 per webinar. As a reminder, we offer reduced pricing on specific series and other discounts, that could save you as much as 25 percent.

VACUPAC Accounting Year Closing Dec. 19

We’re in the homestretch for collecting Virginia Credit Union Political Action Committee (VACUPAC) contributions for 2022. We ask that you submit your contributions by close-of-business on Dec. 19, as a mid-December deadline aids our accounting and PAC management efforts. If you have questions about the process, please contact Cathy Baldwin at cbaldwin@vacul.org or 434.237.9615.

Aid Our Advocacy Efforts…Complete the Interchange Survey

Please complete a survey regarding the impact of debit and credit interchange on credit union operations. We will use the information gathered to craft updated talking points, refine policy positions, and plan our grassroots efforts as we go into the 118th Congress. Surveys are due by Dec. 16!

Complete the survey

Smart Sourcing and Procurement by Bankable Fintech

The search for compatible fintech solutions that fit your credit union’s needs can be confusing, complicated and time-consuming. With thousands of fintech companies in the marketplace today, how can you be sure that the solution you find fits the technology stacks at your credit union? League partner Bankable Fintech is your answer!

Learn more

Biden's Student-Loan Relief Plan Gets Expanded Review from Supreme Court

The U.S. Supreme Court expanded a planned showdown over President Biden's student-loan relief plan, saying it will hear arguments from two borrowers who contend they are being unfairly excluded from the full scope of the program. The court was already set to hear arguments early next year from six Republican-led states that say the president lacked authority to issue the sweeping plan.

Learn more