Latest News & VACUL Headlines
- League President/CEO Carrie Hunt Spotlighted in Virginia Business Magazine
February 28, 2022League President/CEO Carrie Hunt was featured in Virginia Business Magazine's "On The Move" feature for Feb. 27.
- NCUA to Distribute $569 Million Under Corporate System Resolution Program
February 28, 2022The National Credit Union Administration, in its role as liquidating agent, announced a $359.2 million distribution to more than 1,000 membership capital shareholders of the former Members United, Constitution, and U.S. Central corporate credit unions. NCUA will also distribute $209.8 million in dividends to more than 1,100 shareholders of Southwest Corporate. NCUA completed capital distributions to Southwest Corporate capital holders last year.
- Debra Scott Retiring After 47 Years With League
February 24, 2022Our dear friend and colleague, Debra Scott, is retiring from the League on March 4 after a 47-year career. While many of you may not have had the pleasure of meeting Debra, you should know that she’s been a pillar of our organization, working behind the scenes to make the rest of us look good!
- CUNA HR & Organizational Development Council Conference Planned for April
February 23, 2022CUNA HR & Organizational Development Council Conference will return in 2022 as an in-person event in Florida April 24-27.
- CUNA Backs Section 1071 Reform Legislation
February 23, 2022CUNA wrote in support of legislation Tuesday that would reform Section 1071 of the Dodd-Frank Act. Section 1071 of the Dodd-Frank Act requires financial institutions collect and report certain data regarding applications for credit for women-owned, minority-owned, and small businesses to the Consumer Financial Protection Bureau (CFPB).
- League Co-Hosts CDFI Awareness Event for Lawmakers
February 23, 2022Your League was proud to co-host a special event Tuesday night at Credit Union House to promote Community Development Financial Institutions (CDFIs) and educate lawmakers about these unique institutions. Among those attending: Lt. Gov. Winsome Earle-Sears; Sen. Adam Ebbin; and Dels. Betsy Carr, Mark Sickles and David Reid.
- Bank Groups Ask Justice Department to Limit Merger Guidance; Say CU Competition Should Be Factored In
February 23, 2022Bank trade groups urged the Justice Department to limit changes it might make to its merger guidance, while left-leaning advocacy groups pushed for greater scrutiny of proposed deals.
- NCUA Warns Current Geopolitical Events Increase Likelihood of Cyberattacks
February 23, 2022The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) has recently issued two alerts addressing risks from Russian State-Sponsored cyber threats and highlighting recent malicious cyber incidents suffered by public and private entities in Ukraine. Learn more
- New Data Shows FTC Received 2.8 Million Fraud Reports from Consumers in 2021
February 23, 2022Newly released Federal Trade Commission data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year.
- Banks' Pandemic Help Offer Rang Hollow, Cardholders Say
February 23, 2022Two class-action lawsuits against Bank of America and Capital One have been filed over the banks’ continued assessment of late fees and interest charges despite their promises of hardship relief throughout the coronavirus pandemic.