Happy Friday everyone! It's been a busy week here at the League! We hiked the hill in Washington D.C. with many of our credit unions on Monday and Tuesday, meeting with our lawmakers to share the ways Virginia's credit unions are helping their members and discussing legislative priorities. We had a number of productive meetings with the banking aides of our legislators, as well as with Sen. Mark Warner. Let's take a quick look at some stories this week from the world of Regulatory Compliance ...

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Credit unions: There are new developments on interchange legislation that need your urgent attention. Your League today contacted the offices of Sen. Mark Warner and Tim Kaine urging them to oppose any efforts to advance the Credit Card Competition Act (CCCA). Now, we need you to mobilize at your credit union and ensure staff, officials and members reach out to Virginia's senators.

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The NCUA board will vote on a final loan participation rule at its Sept. 21 board meeting. The meeting is scheduled to start 10 a.m. ET, and will be streamed live on NCUA.gov.

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Introducing the inaugural 1st Advantage Foundation Pickleball Tournament! This Oct. 21 event is not only about competition and fun, but also about giving back to the community by supporting the Foundation’s mission of filling the unmet needs in all branches of our local military community. Through your participation in the tournament, you’ll be directly contributing to the Foundation’s efforts in creating a positive and lasting impact.

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In Hike The Hill events this week in Washington and through a series of legislative events across the Commonwealth this summer, the Virginia Credit Union League and member credit unions met with every member of Virginia’s Congressional delegation in preparation for a busy end-of-year agenda on Capitol Hill.

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The Federal Financial Institutions Examination Council (FFIEC) has updated the Home Mortgage Disclosure Act (HMDA) website. Regulation C requires lending institutions to report public loan data. In this section of the website, you can find out more about the regulation and its interpretation. The updated Filing Instructions Guide (FIG) and Supplemental Guide for Quarterly Filers for data collected in 2023 are now available.

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ABNB Federal Credit Union is proud to announce several internal new hires in our Digital Services department effective immediately.

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1st Advantage, a leading provider of financial services, hosted a ribbon-cutting ceremony in celebration of the grand opening of its newest branch located at 5386 Kemps River Dr., Suite 104, Virginia Beach, VA 23464. The branch offers full-service financial services and has an onsite ATM.

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Tuesday was another busy day on Capitol Hill for the League advocacy team and member credit unions. Credit union advocates met with Sen. Mark Warner (D-VA) and the offices of Sen. Tim Kaine (D-VA), Rep. Bobby Scott (D-3rd), Rep. Jennifer McClellan (D-4th) and Rep. Gerry Connolly (D-11th).

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The Northern Virginia Chamber of Commerce, today presented PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck with the Lifetime Service Award for his outstanding contributions to help veterans succeed. The award ceremony was attended by hundreds of business leaders and held at the Army Navy Country Club.

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