Latest News & VACUL Headlines
- 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.
- Defense Credit Union Council: Pentagon Study is a Victory for Industry
August 23, 2022A long-awaited Defense Department (DoD) report that concludes servicemembers do not lack access to banking services on military installations is being hailed as a victory for credit unions in their ongoing battle with banks over rent benefits on those bases.
- Credit Unions Set Loan Growth Record, Deposits Decline in Q2
August 23, 2022U.S. credit unions easily set a 15-year loan growth record in the second quarter based on growth in several different categories, according to S&P Global Market Intelligence data.
- Virginia's Credit Union Advocates to Gather in Washington at 2023 CUNA GAC
August 23, 2022CUNA Governmental Affairs Conference (GAC), the credit union industry’s premier advocacy event, returns to Washington, D.C., Feb. 26 to March 2, 2023.
- Rep. Morgan Griffith Signs on as Co-Sponsor of CU Board Modernization Bill
August 23, 2022Following credit union and League advocacy efforts, Rep. Morgan Griffith (R-9th) has signed on to H.R. 6889 (Credit Union Board Modernization Act) as a co-sponsor. This bill revises the frequency of meetings required to be held by a federally chartered credit union's board of directors.
- 1st Advantage Federal Credit Union Recognized as A Top Workplace in Hampton Roads
August 23, 20221st Advantage, a full-service credit union serving Hampton Roads and parts of Richmond and North Carolina, has been named a Top Workplace by Inside Business. Celebrating over 70 years in business, 1st Advantage is honored to be recognized with this award as it exhibits that 1st Advantage is focused on positive workplace culture and attracting, retaining, and expanding its team.