The Virginia Credit Union League is pleased to announce the winners of its 2023 Social Responsibility & Member Service Awards. Each year, the League and the Credit Union National Association sponsor four awards competitions to recognize credit unions for their work in financial education, community service and outreach, and excellence in member service.

Read More »

ValleyStar announces the launch of a new member-focused computer processing system and rebranding effort aimed at better serving members’ financial needs.

Read More »

On Monday, the NCUA released Letter to Credit Unions 23-CU-07, titled Cyber Incident Notification Requirements. The letter provides guidance to credit unions on how to comply with the requirement that NCUA be notified within 72 hours when a credit union experiences a reportable cyber incident. The new requirement goes into effect on September 1, so credit unions should be reviewing this guidance and the rule as they update their procedures.

Read More »

There’s no question that fintech companies can provide tremendous value to keep your credit union competitive. But with so many options and requirements, where do you begin? Join TruStage presenters Jim Komoroski and Eric Gubka to take a strategic lens to your most pressing questions to ensure you are taking a powerful step in setting up your credit union with a foundation of success.

Read More »

Credit Union Times has announced the finalists of its 2023 LUMINARIES Awards. Members of the program’s Class of 2023 are being recognized for the incredible and thoughtful ways they are driving the credit union industry forward.

Read More »

Beginning on Sept. 1, 2023, all federally insured credit unions must notify the NCUA as soon as possible, and no later than 72 hours, after the credit union reasonably believes it has experienced a reportable cyber incident or received a notification from a third party regarding a reportable cyber incident.

Read More »

ValleyStar announces the launch of their ValleyStar 300 “Scan Me, Win Me” car giveaway, with a grand prize of a 2023 Toyota Camry. 

Virginia residents who are 18 years of age or older can enter the contest by finding the car, scanning the QR code, and submitting an entry form. The contest runs until September 17, 2023. Three finalists will be randomly selected to receive suite tickets and join ValleyStar at Martinsville Speedway for the ValleyStar 300 on September 23, 2023. On race day, all three finalists will receive a car key, but only one key will open the car. The finalist with the real car key wins the car. 

Read More »

We wrote last week about a Texas court that issued an injunction to stop the implementation of the CFPB's Section 1071 Rule. This rulemaking would impose additional reporting requirements on lenders who make a certain number of loans to small businesses. The reason for the injunction was that the Supreme Court will soon hear arguments on the Fifth Circuit's ruling that the CFPB's funding structure is unconstitutional, and the Texas court ruled that the CFPB cannot enforce the rule against the plaintiffs in their case until the Supreme Court rules in their case. There were a couple of related developments this week.

Read More »

Stakeholders have until August 21 to submit comments on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans.

Read More »

Partnerships among credit unions, their leagues, and the National Credit Union Administration can provide several benefits.

Stakeholders can learn more about these partnerships during an NCUA-hosted webinar, “Strategic Partnering: A Conversation with Credit Union Leagues,” on Thursday, Aug. 24.

Registration for this webinar is now open. The webinar is scheduled to begin at 2 p.m. Eastern and run for 60 minutes.

Read More »