Latest News & VACUL Headlines
- Cannabis Banking Bill Likely to Pass Senate in 2022 as Democrats Align
March 23, 2022Legislation permitting banks to lend to cannabis companies may finally cross the finish line this year as Senate Democrats align with their House counterparts.
- Goldman Sachs Executes 1st OTC Cryptocurrency Transaction
March 23, 2022Goldman Sachs Group Inc. completed its first over-the-counter cryptocurrency transaction with the trading of a bitcoin non-deliverable option.
- Home Equity, Personal and Auto Loans Led Growth in January
March 23, 2022Overall credit union loans outstanding increased 0.7% in January of 2022, compared to a 0.9% increase in December of 2021 and a 0.09% decrease in January of 2021, according to CUNA’s latest Monthly Credit Union Estimates.
- JUST ADDED: Ignite 2022 Adds Board-Focused Session on Best Practices
March 23, 2022We're pleased to announce the addition of a Board-focused education session at Ignite 2022! TEAM Resources' Kevin Smith will present a program titled, "Best Practices of the Modern Credit Union Board."
- Another State Bars Credit Union Acquisitions of Banks
March 23, 2022A new Mississippi law effectively prohibits credit unions from buying state-chartered banks. Mississippi joins Iowa and Colorado in banning such deals. Litigation is pending in Tennessee and Nebraska over credit unions' proposed bank acquisitions announced in 2021.
- Credit Unions Vote Relaunches to Increase Member Engagement in Primaries
March 22, 2022CUNA kicked off the 2022 campaign season today by launching the overhauled Credit Unions Vote citizen voting campaign. CUNA has long been a leader in the elections space, and voter mobilization is a critical piece of the 360-advocacy model. Learn more.
- DOJ Issues Guidance on ADA Web Accessibility; League Continues Push for 'Clearly Defined' Standard
March 22, 2022The Department of Justice (DOJ) issued guidance last week on web accessibility and the Americans with Disabilities Act (ADA). In addition to plain-language information designed for those without a legal or technical background, the guidance reviews the department’s ongoing work to advance website accessibility.
- Senate COMPETES Consideration, Other Hearings This Week
March 22, 2022While the House is in recess this week, the Senate will resume consideration of H.R. 4521, the America COMPETES Act of 2022. The bill passed the House in February with the text of the CUNA-League-supported Secure and Fair Enforcement (SAFE) Banking Act.
- Libor Transition Progresses, But Hurdles Remain for Legacy Loans
March 21, 2022The financial services industry’s transition away from the scandal-plagued Libor interest rate benchmark is largely proceeding smoothly, though many companies are still facing technical difficulties. That’s according to a new survey from Bloomberg, which last month asked 130 lenders and corporate borrowers across the world
- Virginian Among 30 ‘Up & Coming’ CU Leaders Selected for CUES Emerge
March 21, 2022Thirty “up-and-coming” credit union leaders have been selected to participate in the CUES Emerge 2022 program. All participants were selected based on their “potential to create a lasting impact within the credit union industry,” CUES stated. Among the participants is Jeannie Burkett (Learning and Development Specialist at Virginia-based Justice Federal Credit Union).