CURRENT Newsletter | November 29, 2022

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It's #GivingTuesday! Hope you're participating in today's effort to aid local non-profits and charitable organizations. Credit unions have long supported the good work of Children's Miracle Network Hospitals, Make-A-Wish, the Feeding America foodbanks in Virginia (through the Federation of Virginia Food Banks) and America's Credit Union Museum. Dozens of other organizations are also participating!

League Statement on the Passing of Rep. Donald McEachin

The Virginia Credit Union League today issued the following statement on the passing of Rep. Donald McEachin.

"We are saddened to hear of the passing of Rep. Don McEachin, a respected voice and dedicated champion for the Richmond area and south Central Virginia. Our thoughts and prayers go out to his family, friends and colleagues. Credit unions and the League worked closely with Rep. McEachin for decades during his service in the Virginia General Assembly and Congress," said Virginia Credit Union League President/CEO Carrie Hunt. "He was a vocal advocate for the underserved, and he praised credit unions for our work to serve these vulnerable communities. We are grateful for the Congressman's many years of support for Virginia's credit unions."

League ‘Town Hall Meeting’ Set for Dec. 14

Join League President/CEO Carrie Hunt for a special virtual membership meeting on Dec. 14. We’ll look ahead to League initiatives in 2023 and the upcoming sessions of the Virginia General Assembly and a new Congress, as well as the legislative and regulatory landscapes.

Credit Union Day at the General Assembly Jan. 19: Register Today!

Credit Unions: Join us in Richmond on Jan. 19 for Credit Union Day at the Virginia General Assembly!

League’s Advocacy Work Hits High Gear as We Ready for New Congress, General Assembly

Your League is gearing up for a busy few weeks on the political front at both the state and federal levels. Today, your League’s JT Blau attended a luncheon with Lt. Gov. Winsome Earle-Sears. We’ll also soon meet with Gov. Glenn Youngkin. During December and early January, we’ll host or attend more than a dozen meetings or political fundraisers for lawmakers and elected officials, some of which will be hosted at the Credit Union House of Virginia.

At the federal level, we’re monitoring the lame-duck session with keen interest. As you know, there are a handful of issues that would impact credit unions, including measures covering cannabis banking, third-party examination authority for NCUA, interchange, and expanded access to underserved areas for federal charters. We remain engaged with our Congressional delegation on all these issues.

Stop 'Giving Away' Loans to Fintechs, Other Competitors

Join this free webinar on Dec. 6 to learn how to implement fintechs' lending strategies at your credit union and recapture your members' loans!

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.

League Announces 2023 Events, Education Calendar

Your League is pleased to share its 2023 event and education calendar! Registration for many of our events is open at the request of credit unions who wish to pay for these sessions through their 2022 budgets.

Interchange Survey: How Could Changes Impact Your Credit Union Operations?

Please take time over the next two weeks to help CUNA and your League by completing a survey about the impacts 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.

Take the Survey

Other News of Interest

• During the 9th Annual Chartway Norfolk Harbor Race Weekend, the Chartway Promise Foundation Hosts Two Wish Reveals for Children with Critical Illnesses
• BayPort Donates Backpacks and Books to Local Students
• CU Loans Outstanding Again Up Robustly During September, New CUNA Data Show
• Some Optimistic About Cannabis Banking Legislation's Odds in Lame Duck
• Congressional Bill Aims to Address ATM Crime with Heftier Penalties
• Bill to Curb Payday Lending Abuses Introduced in Congress
• Comments on Subordinated Debt, Bylaws Proposals Due in December
• White House to Extend Student-Loan Payment Pause to June 30
• CUNA Mutual Group Risk Alert: CFPB Ramps Up Attack on Junk Fees
• CUNA Mutual Group Risk Alert: ACH Debit Fraud Climbing