Latest News & VACUL Headlines
- CU Parity Measures Reach Final Legislative Step; On Their Way to Governor's Desk and Becoming Law
March 1, 2022As of today, our two credit union parity measures have won final approval in both houses of the General Assembly and await the governor’s signature.
- URGENT RISK ALERT: Vizo Financial Reports Phishing Scam Using Its Name
March 1, 2022Vizo Financial was made aware of a phishing attempt email being sent to credit unions. The email claims to be coming from Vizo Financial Corporate Credit Union with a subject line of "Zephyr User Deactivated." Please be aware that these emails are NOT being sent by Vizo Financial or any of its staff. This is a phishing attempt email.
- CFPB Moves to Thwart Illegal Auto Repossessions
March 1, 2022The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market. A compliance bulletin issued yesterday reveals conduct observed during CFPB examinations and enforcement actions, including the illegal seizure of cars, sloppy record-keeping, unreliable balance statements, and ransom for personal property.
- 4Q2021 Credit Union Profile Now Available
March 1, 2022The latest Credit Union Profile (4Q2021) is now available. The Credit Union Profile is a quarterly publication of your League providing a statistical snapshot of the state and national credit union industries.
- Reminder: CISA Issues Alerts Relating to Russian Cyberthreats, Ukraine Cyber Incidents
February 28, 2022The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) 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.
- 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).