Latest News & VACUL Headlines
- Credit Unions Announce Two Illinois Bank Deals in Three Days
June 10, 2022Credit unions announced two deals for Illinois community banks in the first three days of June, making nine announcements so far this year. At their current pace, 2022 credit union-bank deal announcements are on track to surpass the record 13 announcements made in both 2021 and 2019, excluding terminations.
- Post-Examination Survey Briefing on NCUA’s June 16 Agenda
June 10, 2022The NCUA board will hear a briefing on its post-examination feedback survey at its June 16 meeting. The meeting is scheduled to begin at 10 a.m. The meeting will be streamed live on NCUA.gov.
- Cybersecurity Advisory Warns of Chinese Cyberattacks
June 10, 2022The National Security Agency, Cybersecurity and Infrastructure Security Agency, and Federal Bureau of Investigation issued a joint cybersecurity advisory on cyberattacks from China. The advisory describes the ways in which state-sponsored cyber actors continue to exploit publicly known vulnerabilities in order to establish a broad network of compromised infrastructure.
- CUNA Collections, Bankruptcy School Offers Introduction, Advanced Learning Options
June 10, 2022Credit union professionals will learn industry-specific strategies for improving their collections and bankruptcy programs while connecting with peers and experts in their field at CUNA Collections & Bankruptcy School, Sept. 19-22 in San Antonio.
- Here’s the Inflation Forecast, Mortgage Rates Prediction from CUNA Mutual’s Chief Economist
June 10, 2022CUNA Mutual Group's latest Trends Report is now available. The Credit Union Trends Report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context. The report includes data from two months prior and is published and distributed by Steven Rick from CUNA Mutual Group.
- Just How Much is Inflation Costing Depositors? Here’s What 1 Analysis Shows
June 10, 2022A new study offers insights into just how much inflation is costing depositors when it comes to their funds in interest-bearing accounts.
- Another Steep Rate Hike Coming at Next Week's Fed Meeting
June 10, 2022Continuing its push to rein in inflation, the Federal Reserve is likely to announce a 50-basis-point rate hike at its June 14-15 meeting. Nevertheless, many economists expect elevated inflation to persist through the end of 2022.
- Budget Reaches Youngkin, as 7-Day Clock Starts Ticking for Changes
June 10, 2022The state budget finally has landed on Gov. Glenn Youngkin’s desk. Youngkin now has seven days to propose amendments or vetoes to the two budget bills, one for changes to the spending plan for the current fiscal year that ends June 30, and the other for a new, $165 billion two-year budget.
- Virginia League Introduces Bankable Fintech Partnership, Connects CUs to Fintech Solutions in Minutes
June 10, 2022Your League continues to meet the needs of member credit unions by collaborating with Bankable Fintech to launch a leading platform that transforms the fintech partnership process. We are in the first phase of the strategic rollout process, but Virginia credit unions can get a jumpstart or learning more about the platform during a June 28 webinar with an all-star lineup!
- Credit Unions, League Meet with Rep. Don Beyer
June 10, 2022Arlington Community Federal Credit Union's Karen Rosales, Navy Federal Credit Union's Michael Huff and League President/CEO Carrie Hunt met today with Rep. Don Beyer (D-8th) to discuss a number of key credit union issues.