Latest News & VACUL Headlines
- Virginia CU CEOs Make Virginia Business Mag’s List of Most-Influential Leaders
September 1, 2023Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? A number of credit union CEOs made this year’s list from Virginia Business Magazine in the “Finance & Insurance” category.
- Regulatory Compliance Weekly Roundup: Sept. 1, 2023
September 1, 2023Let's take a look at some of the highlights of the week in regulatory compliance, including NCUA Chairman Todd Harper's latest call for third-party examination authority for the NCUA, actions by CFPB and an IRS memo on federal credit unions' eligibility to claim the Employee Retention Credit.
- IRS Weighs In on FCU Eligibility for the ERC
August 31, 2023In the last couple years, many credit unions have been exploring whether they were eligible to claim the Employee Retention Credit (ERC) that was part of the CARES Act. This law made credits available for eligible employers whose operations were fully or partially suspended due to orders from the government. Credit unions, auditors, and third party vendors began parsing through the limitations and restrictions of the legislation and guidance.
- CUs, League Host 15 Lawmakers, Candidates at NoVA-Area Legislative Reception
August 31, 2023Credit unions and the League continued a successful series of statewide Legislative Receptions last night with an event in northern Virginia that drew 50 credit union advocates and 15 elected officials and candidates from across the region.
- CUNA’s Nussle to Host Virtual Forums Related to Proposed Trade Group Merger
August 30, 2023CUNA President and CEO Jim Nussle said he will be hosting “virtual forums” for member credit unions of both CUNA and NAFCU related to the proposed merger between the two organizations.
- BayPort Ranked No 1 in Virginia for Excellence in Member Service, Digital Branch Launch
August 30, 2023For the fourth straight year, BayPort Credit Union is the only Virginia credit union to have won in all four award categories in the 2023 Social Responsibility and Member Service Awards sponsored by the Virginia Credit Union League (VACUL) and the Credit Union National Association (CUNA). This year, BayPort is recognized for launching its comprehensive digital branch and enhanced virtual banking experience, $500,000 Accelerating Change Together grant, free virtual and in-person adult financial education outreach, and classroom youth financial literacy through its Student-Run Credit Union programs.
- NCUA to Host Sept. 28 Webinar on Using Technology to Promote Financial Inclusion
August 30, 2023Credit unions can learn how to use the power of technology to expand access to financial services at a Sept. 28 webinar hosted by the National Credit Union Administration.
Online registration for this event is now open. The webinar, “Fintech and ACCESS: Future Possibilities for Enhancing Financial Inclusion Through the Use of Technology,” is scheduled to begin at 2 p.m. Eastern and run approximately 60 minutes.
- NoVA-Area Legislative Reception Aug. 30; We Need Additional Credit Union Attendees!
August 29, 2023NoVA credit unions: There’s still time to join us tomorrow (Aug. 30) for our Legislative Reception at Northwest Federal Credit Union (6 p.m.-8 p.m.)!
- League Compliance Roundtable Sept. 6; Register Now for Free Webinar
August 29, 2023Join us on Sept. 6 for the League’s free Quarterly Compliance Roundtable. Topics will include fraud scams targeting member accounts and protective measures a credit union can take; NCUA’s new member expulsion rule and NCUA’s new cyber incident reporting requirement.
- GROWTH Conference: Leveraging All Facets of Your Operations, Organization to Drive Growth & Fuel Success
August 29, 2023Join us at the Virginia Beach oceanfront for an informative, thought-provoking conference that seeks to answer that all-important question: How do we deliver enterprise-wide strategy, differentiation and performance to fuel the growth and success of our credit union?