Latest News & VACUL Headlines
- Here’s What New Forecast Predicts for Economy, Housing and Refi Volume
March 21, 2022The Russian invasion of Ukraine and its implications for the global economy have added to growing inflation pressures and ongoing supply chain difficulties as monetary policy tightening begins, according to the March 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
- CAMELS Rating System Changes Effective April 1
March 21, 2022Changes to NCUA’s rating system change to CAMELS—from CAMEL—starting April 1. Credit unions with examinations beginning on or after April 1 will fall under the new system.
- Risk Alert: Examining Vendor Management Risks
March 21, 2022Credit unions work with numerous vendors and third-party providers to deliver products and services to their members. In fact, these thirdparties often play an important role as you strive to become more competitive. But partnering with these vendors doesn’t come without risk. Managing risks associated with these relationships is a critical aspect to maintaining a successful operation, notes CUNA Mutual Group's latest Risk Alert.
- IG Reports Three New Challenges Facing NCUA
March 21, 2022In its annual letter, included in the NCUA’s 2021 Annual Report, the agency’s Office of Inspector General (IG) laid out what it sees as the highest priority of management and performance challenges facing the NCUA in 2022.
- BREAKING NEWS: Virginia's COVID Workplace Safety Standard Revoked
March 21, 2022Today, the Virginia Safety and Health Codes Board met in Richmond to approve revocation of the Commonwealth’s workplace safety standard to prevent COVID-19. There have been several meetings of the Board in 2022 leading up to this conclusion, but the vote at Monday’s meeting underscored a final finding that “based on scientific and medical evidence that the current widespread variants of the virus no longer constitute a grave danger to employees in the workplace." The standard will be revoked immediately upon publication in a newspaper of general circulation published in Richmond, which is proposed to occur on March 23, 2022.
- Reminder: March 23 NCUA Overdraft Protection Programs Webinar
March 21, 2022Overdraft protection programs are important to credit unions and their members, and the market landscape is changing. Credit unions can learn more about these programs and what market changes can mean on a March 23 webinar hosted by the National Credit Union Administration.
- ValleyStar Credit Union Announces VP Promotions
March 20, 2022ValleyStar Credit Union announces three VP promotions - Ben McBride as its senior vice president of IT; Rob Brown as its vice president of organizational development; and Tony Turner as its vice president of facilities and security.
- Four Virginia-Based CUs Win CUNA Marketing Council Diamond Awards
March 18, 2022Four Virginia-based credit unions walked away with Diamond Awards during the CUNA Marketing & Business Development Council Conference, March 9-12.
- NCUA Approves Strategic, Performance Plans, Gives Corporate Resolution Update
March 18, 2022The NCUA Board approved its 2022-2026 Strategic Plan and 2022 Annual Performance Plan at its Thursday meeting. It also heard a briefing on the corporate system resolution.
- FinCEN Announces $140 Million Civil Money Penalty against USAA Federal Savings Bank for Violations of the Bank Secrecy Act
March 18, 2022The Financial Crimes Enforcement Network (FinCEN) yesterday announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank for willful violations of the Bank Secrecy Act and its implementing regulations. Learn more