Latest News & VACUL Headlines
- ValleyStar Credit Union Brings Home Gold ADDY Award
March 15, 2022The ValleyStar Credit Union marketing team brought home a Gold ADDY award after being honored at the American Advertising Federation (AAF) of Roanoke’s Back in Black Gala event.
- CFPB Uses Homeowner Assistance Fund Program to Help Borrowers Avoid Foreclosure
March 15, 2022The CFPB announced recently that as of March 1, 2022, over 768,000 mortgage borrowers remain in active forbearance. Many of these consumers are seriously delinquent and at risk of foreclosure unless they receive loss mitigation assistance from their servicers. Learn more
- Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering and Combating the Financing of Terrorism and Counter-Proliferation Deficiencies
March 15, 2022The Financial Crimes Enforcement Network (FinCEN) released a statement last week informing U.S. financial institutions that the Financial Action Task Force (FATF) has updated its statements concerning jurisdictions with strategic AML/CFT/CPF deficiencies. Read more
- CFPB Shares Guidance to Safely Send Money to Loved Ones in Conflict Areas
March 15, 2022Amid the ongoing war in Ukraine, many people in the United States are trying to help family and friends in Ukraine and those who have fled the country, including finding ways to send them money directly. Learn more
- Emerging Risk Outlook: Keep Ahead of Trends & Issues
March 15, 2022Innovation, employee experience and evolving consumer preferences are changing the financial services landscape. This includes the way financial products and services are delivered. Many credit unions are exploring ways to address the changing landscape, to increase efficiencies, grow their reach and improve competitiveness. No matter what your organization’s approach is, there’s a new level of scrutiny that you need to apply.
- 3 Reasons CUNA Mutual Joined the FinHealth Fund (and Why Your CU Should, Too)
March 15, 2022The FinHealth Fund aims to transform lives by helping people improve their financial health.
- Webinar: Building Opportunity with Construction and Renovation Lending
March 15, 2022Take advantage of the resources you need to help your members succeed You’re invited to participate in this CU-exclusive webinar on April 6 that's designed to keep you fully informed of current mortgage lending practices so you’re better prepared to help your members achieve homeownership.
- Fraudsters Change Tactics in Zelle / P2P Fraud Scam
March 15, 2022The Zelle / P2P fraud scam is widespread and has been making local and national news as the social engineering tactics used by fraudsters in this scam continue to evolve.
- Credit Unions Fueling Growth with 106% Jump in Subordinated Debt YOY
March 14, 2022Credit unions stockpiled an additional $379.05 million in subordinated debt in the fourth quarter of 2021. Total outstanding uninsured secondary capital levels for U.S. credit unions stood at $947.5 million in the fourth quarter of 2021, up 66.7% from $568.5 million in the linked quarter and 106.3% from $459.2 million in the year-ago period. Increasing interest among credit unions as they look to grow, recent regulatory rule changes that expand the number of institutions able to access secondary capital and a government stimulus program are setting 2022 up to be a record year for credit union subordinated debt levels, market participants said.
- Langley Members Help Other Homebuyers
March 14, 2022Check out this article from Callahan and Associates titled, “Langley Members Help Other Homebuyers.” The credit union talks about how a new program for first-time mortgage applicants intends to substantially reduce burdens around closing costs. You can access that here.