CURRENT Newsletter | December 16, 2022

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We appreciate our loyal readers! Please send your comments and feedback to pr@vacul.org.

Reminder: The League office is closed Dec. 23, Dec. 26, and Jan. 2 for the holidays! Have a wonderful holiday!

NCUA Leaves NOL Unchanged; Approves 2023-2024 Budget

The National Credit Union Administration left the normal operating level unchanged at 1.33 percent, with the Board also approving a 2023-2024 budget slightly smaller than the one originally proposed by staff and unanimously advancing a proposed rule designed to provide clarity and ease credit unions’ foray into loan participations and fintech collaborations.

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VACUPAC Accounting Year Closing Dec. 19

We’re in the home stretch 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.

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

Virginia's Credit Union Advocates to Gather in Washington at 2023 CUNA GAC

CUNA Governmental Affairs Conference (GAC), the credit union industry’s premier advocacy event, returns to Washington, D.C., Feb. 26 to March 2, 2023.

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NCUA Hosts Diversity Self-Assessment Webinar Jan. 5

The NCUA is on track to have its best year to date for credit unions submitting the Credit Union Diversity Self-Assessment, which is the topic of a Jan. 5 webinar. This webinar is a great resource, especially for credit unions looking to take the first steps on their diversity, equity, and inclusion journey.

Register

News of Note

• CULAC Names 2023-24 Board of Trustees; 1st Advantage FCU's Paul Muse Represents Virginia
• Virginia Dems Squeeze House Special Election into One Breakneck Week
• CU Economists Weigh Fed's Decision to Hike Rates Into 2023
• CUs Concerned with CFPB Position on Fees, Data Collection
• CFPB Has Missed Opportunities to Leverage Credit Union Mission
• Can the Supreme Court Distinguish the CFPB's Funding from Other Agencies'?
• In Parting Swipe at the CFPB, Toomey Proposes Appropriations Process for Agency's Funding
• Risk Alert: Remote Online Notarization Grows
• Schumer Makes Last-Ditch Push for Cannabis Banking Bill
• What Matters Now 2022 Research Report: A Multicultural and Multigenerational Consumer Lens