CURRENT Newsletter | December 6, 2022 - Virginia Credit Union League

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CURRENT Newsletter | December 6, 2022

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CUs, League Meet With Gov. Glenn Youngkin on CU Issues and Economic Challenges

Representatives from more than a dozen credit unions and the League met Friday with Gov. Glenn Youngkin and key administration officials.

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League Files Comment Letter on NCUA Proposal Governing Member Expulsion Process

Your League has filed a comment letter with the National Credit Union Administration in response to the agency's proposed rule to amend federal credit union bylaws regarding member expulsion. We note several possible improvements to the proposal.

League Compliance Roundtable Set for Dec. 7

Count on your League to help you manage today's complex regulatory compliance environment. The next in our series of quarterly webinars is slated for Dec. 7, with attorney Jay Spruill (Woods Rogers Vandeventer Black law firm) covering compliance hot topics and regulatory issues that need to be on your radar.

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VACUPAC Accounting Year Closing Dec. 14

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 Dec. 14, 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…Run Project Zip Code

Nothing speaks to lawmakers more than knowing the needs of their constituents and the issues that matter most to voters. Project Zip Code is a powerful advocacy tool that counts credit union members in each state and federal legislative district, enabling us to demonstrate why credit union issues should matter to our lawmakers. You can help by running this safe and secure program twice a year at your credit union --- an effort all the more important given recent redistricting in the Commonwealth.

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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!

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Trellance Significantly Expands Credit Union League Participation, Including Partnership with Virginia League

Trellance, a leading technology partner providing innovative analytics and talent solutions to credit unions, today released a list of the credit union league partnerships it added in 2022, including its partnership with the Virginia Credit Union League and its service corporation.

"We're proud to partner with Trellance, the leading data analytics company focused solely on the needs of the credit union industry," noted David Deacon, Vice President of the Virginia Credit Union League's Service Corporation. "Trellance's suite of products and services, as well as their expert talent, will support and enhance credit unions' ability to remain competitive in today's financial services marketplace."

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3Q2022 Credit Union Profile Available

Your League has published the 3Q2022 edition of the Credit Union Profile, which provides an overview of Virginia-based credit unions' performance, key statistics and important trends.

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