Latest News & VACUL Headlines
- Initial Donations to Ukrainian Credit Union Displacement Fund to go Primarily Toward Humanitarian Aid
March 11, 2022Worldwide Foundation for Credit Unions (WFCU) will utilize donations raised in the first several weeks of its Ukrainian Credit Union Displacement Fund campaign to address immediate humanitarian needs triggered by Russia’s continued targeting of civilians, which has caused a crisis for those still in Ukraine and for more than two million Ukrainian refugees who have fled the country.
- Report Shows Focusing on Financial Well-Being Lowers Risk, Increases Brand Loyalty
March 10, 2022The National Credit Union Foundation (the Foundation) published a research brief detailing how credit unions can increase membership, expand lending and improve the financial well-being of members—by focusing on those most in need.
- Filling Void Created by NCUA, CUCollaborate Offering to Prequalify Any CU for CDFI Certification
March 10, 2022In the wake of NCUA’s announcement it is eliminating its streamlined application for Community Development Financial Institution (CDFI) certification, CUCollaborate said it is stepping in to “fill the void.”
- Bipartisan Bill Would Require Firms to Report Cyberhacks Within 72 Hours
March 10, 2022The House of Representatives is expected to consider legislation this week that would require financial institutions and other critical infrastructure operators to report substantial cyber incidents and ransom payments to the federal government.
- NCUA Board Member Rodney Hood Discusses Personal, NCUA Priorities at Tidewater Chapter Meeting
March 10, 202270 representatives from Tidewater Chapter credit unions welcomed NCUA Board Member Rodney Hood to the Commonwealth today.
- BREAKING NEWS: Landmark FOM bill introduced in wake of CUNA GAC
March 9, 2022The CUNA/League-supported Expanding Financial Access for Underserved Communities Act was introduced by House Financial Services Committee Chair Rep. Maxine Waters, D-Calif., Wednesday. The bill would be the first significant overhaul of the Federal Credit Union Act since 1998 and would make several updates to credit union field of membership and member business lending requirements, including addressing credit unions’ ability to serve underserved and marginalized communities.
- Credit Quality Improves at US Credit Unions YOY in 4Q2021
March 9, 2022Credit quality improved year over year at U.S. credit unions in the fourth quarter of 2021 as net charge-offs and nonperforming assets both fell, according to S&P Global Market Intelligence data.
- Register Now for Call Report, CAMELS Webinars on March 8, 10
March 8, 2022This week, the NCUA is hosting two informative webinars on changes to the NCUA’s Call Report and CAMELS rating system.
- Biden to Sign Crypto Order as Industry Faces Sanctions Pressure
March 8, 2022President Biden is set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies, according to several people familiar with the administration’s plans.
- Registration Open for March 23 NCUA Overdraft Protection Programs Webinar
March 8, 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.