Latest News & VACUL Headlines
- Mortgage Rates Hit 5% for the First Time in Over a Decade
April 14, 2022Average mortgage rates hit a new high over the past week, with the 30-year Freddie Mac benchmark reaching 5% for the first time in over a decade.
- NCUA’s New Guide Simplifies, Clarifies Federal Credit Union Charter Application Process
April 14, 2022The National Credit Union Administration released its new Charter Application Guide and other resources today to assist people who want to bring federally insured financial services to their communities by starting a federal credit union. Agency will host May 4 Webinar on the Updated Guide and Chartering Process.
- CUs, League Celebrate After Governor Signs Parity Measures into Law
April 13, 2022The Commonwealth’s credit unions are celebrating Gov. Glenn Youngkin’s signing of two parity measures for state-chartered credit unions, both of which are set to become law July 1. “These parity measures represent our commitment to ensuring credit unions have the tools they need to serve their members,” said Virginia Credit Union League President/CEO Carrie Hunt.
- Still Time to Register for Ignite 2022 | League Annual Meeting!
April 13, 2022We're so excited to welcome you to the Star City next week for Ignite 2022 | the League Annual Meeting! There's still time register. We can also help with hotel accommodations. Email us here!
- CUNA Supports SAFE Banking Inclusion in Final COMPETES Act
April 13, 2022CUNA wrote to House members Tuesday in support of including the Secure and Fair Enforcement (SAFE) Banking Act in the final version of the America COMPETES Act. The America COMPETES Act passed the House in February with the SAFE Banking Act attached, but passed the Senate without, so the differences will be worked out in conference committee.
- CFPB Mischaracterizes Many Financial Services Fees in RFI
April 13, 2022CUNA strongly objects to the Consumer Financial Protection Bureau’s (CFPB) classification of a broad range of common financial services fees as “junk fees,” it wrote Monday. CUNA responded to a CFPB request for information (RFI) on fees imposed by financial services providers. So did your League.
- U.S. State Department Establishes a Bureau of Cyberspace and Digital Policy
April 13, 2022The U.S. State Department formally launched the Bureau of Cyberspace and Digital Policy (CDP) last week as part of a longstanding effort to weave international diplomacy into federal efforts to combat the rise of malicious nation-state cyberattacks and the proliferation of criminal ransomware.
- NCUA Issues Cybersecurity Alert on Increased Likelihood of Cyberattacks on Financial Institutions
April 13, 2022In compliance, you have to know a little bit about a lot, and be willing to work closely with other teams to ensure that everything is working together to ensure a compliant organization. That happens to include having some IT-related knowledge, especially in the realm of information and cyber security ... Read more
- Risk Forum Slated for April 19: How to Navigate Emerging Risks
April 13, 2022Join CUNA Mutual Group's expert risk management panelists and hundreds of your credit union peers as they discuss the evolving threats to your credit union organization
- NCUA Webinar on Overdraft Programs
April 13, 2022Last week, NCUA hosted a webinar to discuss overdraft programs and alternatives. At the start of the webinar, chairman Harper explained how heavy reliance on overdraft programs can harm members, especially during the pandemic when some members had changes in their account use and deposits. Harper also made it clear that a complete discontinuance of overdraft programs was not necessarily the best fit for all credit unions, but encouraged credit unions to review how these programs are used ... Learn more