Latest News & VACUL Headlines
- For Big Banks, Headwinds for Loan Growth After Strong 2Q
August 25, 2022Big banks' loan machines were firing on most cylinders in the second quarter, but a strengthening array of headwinds
appears to be sapping momentum as banks toughen underwriting and interest rates rise ... - Registration for League's CEO Forum Now Open
August 25, 2022Join us Oct. 18 for the League's CEO Forum, a special low-cost conference targeted to small- and mid-sized credit unions featuring industry experts and regulators addressing current opportunities and challenges.
- GreenState CU Still Eyeing Nebraska Expansion after Bank Deal Collapse
August 25, 2022Two battles with state banking regulators over the legality of credit unions' bank purchases will not discourage GreenState CU from future bank M&A, the institution's CEO said. GreenState CU and Premier Bank terminated their planned transaction after a judge upheld the Nebraska Department of Banking and Finance's decision denying the bank permission to sell to the credit union.
- URGENT REMINDER: Host Hotel Discount Ends Sept. 2 for League's GROWTH Conference
August 24, 2022The deeply discounted room rate at the Hilton Garden Inn for your League’s GROWTH Conference (Sept. 14-16) ends Sept. 2! Act now to ensure you get the best possible rate! Book your room here!
- CUs, League Host Greater Hampton Roads Lawmakers at Aug. 23 Reception
August 24, 2022Credit unions and the League played host to 10 lawmakers and legislative aides at a legislative reception in Newport News on Aug. 23.
- CUNA Mutual Group: Incident Response Webinar
August 24, 2022Credit union leaders should carefully assess their incident response plans and take steps to ensure that the structure and strategies are in place to anticipate and respond to the next event, no matter what it may be. Learn how by joining CUNA Mutual Group for a live, virtual event on Sept. 14.
- Levels of Subordinated Debt Surge in Credit Unions, Analysis Finds
August 24, 2022Levels of subordinated debt in credit unions have surged following changes made by NCUA, according to a new analysis.
- Here's What Fannie Mae Forecast Sees Ahead for Economy, Rates
August 24, 2022Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to the August 2022 commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group.
- Credit Union Auto Loan Market Share Jumps in Q1 2022
August 24, 2022Over the past few years, we’ve seen credit unions’ share of the auto finance market decline, while captives’ have steadily increased – mostly a result of strong incentives offered at the beginning of the pandemic. That said, it seems the tables turned in the first quarter.
- FHFA and Ginnie Mae Announce Updated Minimum Financial Eligibility Requirements for Enterprise Seller/Servicers and Ginnie Mae Issuers
August 24, 2022The Federal Housing Finance Agency (FHFA) and Government National Mortgage Association (Ginnie Mae) issued a joint announcement of their updated minimum financial eligibility requirements for seller/servicers and issuers. Related: NAFCU article on FHFA's updated minimum financial eligibility requirements.