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CURRENT Newsletter | March 7, 2023

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League Immediately Contacts Sen. Warner Following Lawmaker's Letter to Regulators on Zelle Network Fraud

Your League immediately contacted Sen. Mark Warner today in response to a letter co-signed by the senator to federal banking regulators that urged the agencies to "closely review and examine the customer reimbursement and anti-money laundering (AML) practices of depository institutions that participate in the Zelle network."

Small CUs: Need Financial Assistance to Attend IGNITE 2023? Let Us Know!

Credit unions with less than $50 million in assets: Are you interested in attending IGNITE | the League Annual Meeting, but you need financial assistance to cover costs? We may be able to help! Last year, the generous contributions of business partners helped provide scholarships for smaller CUs to attend IGNITE. If you’re interested in attending but need financial aid, please contact your League’s Mary Amyx at mamyx@vacul.org.

League Compliance Roundtable March 15

Next week’s Compliance Roundtable will provide updates on the latest litigation of concern for credit unions and likely new state laws that should be on your radar. League Chief Advocacy Officer JT Blau and attorney Jay Spruill (Woods Rogers Vandeventer Black PLC), who serves as lead attorney for the League's Compliance Hotline, will lead the discussion. This virtual event is free to attend!

Congresswoman-Elect McClellan to Be Sworn in Today; League Attending Ceremony

Congresswoman-elect Jennifer McClellan takes the oath of office on Tuesday evening, assuming the 4th Congressional District seat held by her friend and mentor, the late Donald McEachin. League Chief Advocacy Officer JT Blau will be attending the ceremony.

League Notes Change Coming to General Assembly; CU Involvement in Coming Elections Critical

Change is coming to the General Assembly with more new faces expected to be filling legislative seats next year than at any time in recent memory. “With so many new lawmakers, we can expect to be incredibly busy in the run-up to the 2024 General Assembly session,” says Virginia Credit Union League President/CEO Carrie Hunt. “Credit union involvement in legislative campaigns and our political fundraising efforts will go a long way toward positioning us for success next year and beyond..."

EPN Events Set for March 14 in Hampton, NoVA

Our Emerging Professionals Network groups in Greater Hampton Roads and NoVA are hosting events on March 14. The events are free to attend.

In Other News …

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