Latest News & VACUL Headlines
- League Readies for 2024 General Assembly Following Eventful Election
November 8, 2023The 2023 election and over and mercifully so are the political ads. Democrats have held the Senate and have flipped the House of Delegates, holding at least 21 seats in the Senate and 51 in the House. One race in both the Senate and House are still too close to call and may result in recounts, but regardless of these outcomes Democrats will control both chambers in January.
- Election Day: League, CUs Ready for Eventful Finish to Election Season, Prep for General Assembly Session
November 7, 2023Regardless of this evening’s election results, there will be dozens of new legislators to meet and educate in the weeks ahead on the Credit Union Difference. Your League will meet with each of our new delegates and senators to foster relationships and garner support for our 2024 legislative agenda.
- With Commitment to Service & Innovation, TruStage Remains Champion for Commonwealth's Credit Unions
November 7, 2023In today's hyper-competitive business world, you need partners you can trust. For almost 90 years, TruStage has worked tirelessly to deliver products, services and solutions that address the unique needs of credit unions and their members. Your League is proud to partner with TruStage, and while 2024 will undoubtedly hold its share of opportunities and challenges for credit unions, rest assured that TruStage and your League are always in your corner!
- REGular Blog: Bank Customers Are Having Accounts Closed ... Is BSA to Blame?
November 7, 2023Banks are evicting what appears to be an increasing number of individuals, families and small business owners, many of whom "don't have the faintest idea why their banks turned against them." What gives?
- PSCU and Co-op Solutions Announce Agreement to Combine
November 6, 2023PSCU and Co-op Solutions (“Co-op”), two leading credit union service organizations (CUSOs) and financial technology solutions providers, today announced entering into an agreement to combine. Together, the companies will be better positioned to provide credit unions with innovative technology, unparalleled services, increased scale and differentiated value, fostering long-term success and sustainability for the credit union movement.
- ValleyStar Credit Union Welcomes Woody Windley as Chief Financial Officer
November 6, 2023ValleyStar Credit Union is pleased to announce Woody Windley as its new Chief Financial Officer (CFO), effective November 1, 2023. With an impressive background in finance and leadership, Woody will play a crucial role in steering ValleyStar Credit Union's financial strategy into the future.
- League Showcases CU Service to Veterans Ahead of Senate Banking Hearing
November 3, 2023Your League wrote Sen. Mark Warner on Wednesday to tout credit unions’ good work in supporting servicemembers, veterans and their families. In a letter sent ahead of Thursday’s Senate Banking Committee hearing on financial protections for servicemembers and veterans, the League asked Sen. Warner to remain mindful of credit unions’ continued commitment in this area. We noted the proud history of credit unions here in Virginia that were chartered initially to serve various military bases and servicemembers.
- 1st Advantage Federal Credit Union Foundation Pickleball Tournament Raises Over $45,000 to Support Local Military Families
November 3, 2023The 1st Advantage Federal Credit Union Foundation is proud to announce the resounding success of its inaugural Pickleball Tournament, which took place on Saturday, October 21st at the Quarterpath Recreation Center in Williamsburg, Virginia. The event raised over $45,000 to benefit the 1st Advantage Foundation, supporting local military families in our community.
- Regulatory Compliance Weekly Roundup: November 3, 2023
November 3, 2023In this week's Weekly Roundup, we cover news from NCUA and its budget proposal for 2024-2025, plus this week's Diversity, Equity and Inclusion Seminar; the CFPB's 1071 Rule injunction; and the coming merger of CUNA and NAFCU to form a new national trade association, America's Credit Unions.
- League President/CEO Carrie Hunt to Testify on NCUA Budget Proposal
November 3, 2023League President/CEO Carrie Hunt will be among the industry stakeholders testifying on the NCUA budget at a public hearing on Nov. 16. The agency will hold a public budget briefing at its Central Office, beginning at 2 p.m. The meeting will be livestreamed on NCUA.gov.