Latest News & VACUL Headlines
- Become a Better Lender: ULEND Academy Set for Feb. 8-10; Registration Closes Jan. 21
January 12, 2022Ready to amp up your lending skills? Your League is proud to offer CUNA Mutual Group’s popular ULEND Academy Feb. 8-10 as a virtual learning experience for credit union lenders looking for real-world solutions to today’s toughest lending challenges.
- League Meets with Key Lawmakers, Newest Members of the House as General Assembly Convenes
January 12, 2022We're off and running at the Virginia General Assembly! This morning, League President/CEO Carrie Hunt and Grassroots Programs and Political Fundraising Director CeJae Vtipilson met with all 17 new members of the House or one of their key aides.
- FHFA Director Nomination Hearing Scheduled This Week
January 11, 2022The Senate Banking, Housing, and Urban Affairs Committee will conduct a nomination hearing on Sandra Thompson to be Director of the Federal Housing Finance Agency Thursday.
- Rep. Perlmutter Announces Not Seeking Re-Election; Championed Cannabis Banking, CU Bills
January 11, 2022Rep. Ed Perlmutter of Colorado, one of Congress’s loudest advocates for cannabis banking legislation and a friend to credit unions, will not seek reelection in 2022.
- FinCEN Requests Comments on Renewal of the OMB Control Number for Reports of Transactions with Foreign Financial Agencies
January 11, 2022On January 11, 2022, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register a 60-day notice to renew the Office of Management and Budget (OMB) control number assigned to the regulation requiring reports of transactions with foreign financial agencies (31 CFR 1010.360).
- 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.