Latest News & VACUL Headlines
- Youngkin, Miyares Say They Plan to Challenge Biden’s Coronavirus Mandates
January 10, 2022The Washington Post is reporting that Gov.-elect Glenn Youngkin and Attorney General-elect Jason Miyares plan to challenge the Biden administration’s coronavirus vaccine mandates on large, private employers, certain federally funded healthcare workers and Head Start teachers.
- Virginia League Joins System Partners in Calling for Relief from PCA Challenges
January 10, 2022The Virginia League joins system partners in asking for additional PCA relief. The current interim final rule is scheduled to expire March 31.
- NCUA Revises Call Report Beginning with the March 2022 Reporting Cycle
January 10, 2022Following the NCUA Board’s approval of a final rule that simplifies the risk-based capital requirements for eligible, complex credit unions, and as part of its Call Report Modernization Initiative, the NCUA has modified the Call Report, Form 5300, beginning with the March 2022 reporting cycle.
- League Comments on CFPB's Small Biz Data Collection Proposal
January 7, 2022Your League this week submitted comments on the Consumer Financial Protection Bureau's proposed data collection under Section 1071 of Dodd-Frank, arguing the proposal represents an incredibly burdensome new regulation for community lenders, like credit unions.
- 2022 Inclusiv Annual Conference Scholarships: Apply Now
January 7, 2022Registration is open for the 2022 Inclusiv Annual Conference and scholarships are available for member credit unions with assets of less than $25 million. Credit unions that meet these criteria are encouraged to apply. Thanks to a generous donation from Cliff Rosenthal, former President/CEO of Inclusiv, we will be able to assist a few of these small CUs with travel and hotel costs this year.
- Supreme Court Seems Skeptical of Biden’s Vaccine Rules for Businesses
January 7, 2022Conservative Supreme Court justices on Friday appeared skeptical that the Biden administration has the legal authority to impose a broad coronavirus vaccination-or-testing requirement on large employers, casting doubt on President Biden’s most ambitious plan to fight the pandemic, reports the Washington Post.
- Sara DePauw Hired as SVP Lending for Northwest Federal Credit Union
January 7, 2022Northwest Federal Credit Union announces the hiring of Sara DePauw as Senior Vice President of Lending. DePauw replaces Erin Krause, who was promoted to Chief Member Experience Officer earlier this year. Read more
- New Ginnie Mae Director Should Examine Treatment of CUs
January 6, 2022CUNA raised several pertinent credit union issues with new Government National Mortgage Association (GNMA) President Alanna McCargo in a letter Thursday. McCargo was confirmed to lead the agency in December.
- CUNA Backs TDR Changes for FIs That Have Adopted CECL
January 5, 2022CUNA supports a proposed accounting standards update from the Financial Accounting Standards Board (FASB), it wrote FASB in late December.
- Important Notice About CUNA's Governmental Affairs Conference: DC Mask, Vaccine Requirements
January 5, 2022CUNA Governmental Affairs Conference attendees will be required to follow all local and federal guidelines that are in place at the time of our conference. In advance of your arrival to Washington D.C., CUNA will be asking you to verify your vaccine status through an independent provider. Details will be shared once the verification protocols have been finalized.