Latest News & VACUL Headlines
- Arlington Community Federal Credit Union Announces Proposed Merger with InFirst Federal Credit Union
June 7, 2022Arlington Community Federal Credit Union, headquartered in Arlington, Virginia, and InFirst Federal Credit Union, headquartered in Alexandria, Virginia, announced today they are seeking regulatory approval to merge.
- Scams Involving Redemption of Fraudulent Savings Bonds Hit Credit Unions
June 7, 2022Multiple reports of fraudulent or counterfeit U.S. Savings Bonds being redeemed at credit unions by new members across the country. The members withdraw the funds before the credit union is made aware of a debit adjustment from the U.S. Treasury indicating the savings bonds are fraudulent.
- Wish Granted for Suffolk Pre-Teen Who Endured Cancer
June 7, 2022With a dream of becoming a zoo veterinarian to work with cheetahs, cancer survivor Anna Weissner's family worked with Make-a-Wish Greater Virginia and the Chartway Promise Foundation to make a special wish for Anna come true. Later this month, she and her family will spend a week at the San Diego Zoo Safari Park. The foundation is the charitable arm of Chartway Credit Union.
- Cannabis Banking: Keys to Success
June 7, 2022When U.S. Eagle Federal Credit Union in Albuquerque, N.M., began researching cannabis banking services, the board and leadership team worried members might not like the typically conservative financial institution getting involved in this line of business. They worried needlessly.
- CUNA Mutual Group Virtual Event: Transactions and Fraud Webinar
June 7, 2022Engage CUNA Mutual Group's risk consultants in a live question-and-answer forum on payments, deposits, transactions and fraud. The event is scheduled for June 15, 2 p.m.
- FTC Proposes Changes to Telemarketing Sales Rule
June 7, 2022The Federal Trade Commission has published a notice of proposed rulemaking [87 FR 33677] seeking public comment on proposed amendments to the Telemarketing Sales Rule (“TSR”). The proposed amendments would require telemarketers and sellers to maintain additional records of their telemarketing transactions.
- Tidewater Chapter Holds Charity Golf Tournament to Support Local Children's Hospital
June 7, 2022The Tidewater Chapter held its 9th Annual Charity Golf Tournament on June 3, raising funds for Children's Hospital of the Kings Daughters, the Norfolk-based Children's Miracle Network Hospital.
- Bipartisan Data Privacy Bill Intro’d; NAFCU Expresses Objection
June 6, 2022Four members of Congress have unveiled draft bipartisan data privacy legislation, that seeks to create a comprehensive federal data privacy and security standard, but one CU trade group is objecting to its provisions.
- Credit Unions Show Mixed Credit Quality Trends in Q1
June 3, 2022Credit quality at U.S. credit unions was mixed during the first quarter, while community banks showed improvement in nonperforming assets and net charge-offs. Nonperforming assets at credit unions trended up year over year, but they were down from the linked quarter, according to S&P Global Market Intelligence data. Net charge-offs, meanwhile, were down from the year-ago period but were up sequentially.
- US Housing Market: House Prices Surge Over 20% YOY in March
June 3, 2022U.S. house prices accelerated to their highest year-over-year gain in over 35 years, as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA index logged an annual increase of 20.6% in March, up from the previous month's 20.0% year-over-year growth. The index was up 2.1% from the previous month after seasonal adjustment.