Latest News & VACUL Headlines
- League President Carrie Hunt Responds to CUs' Approval of CUNA-NAFCU Merger
November 2, 2023The Credit Union National Association and National Association of Federally Insured Credit Unions today announced that member credit unions of both organizations have approved a merger of the two national trade associations. “The coming formation of a new national credit union trade association represents a singular opportunity to leverage the strengths of both CUNA and NAFCU in order to advance our industry,” said League President/CEO Carrie Hunt. “A single national trade association promises dues-paying credit unions operational efficiencies, economy of scale and a unified voice on the advocacy front.”
- League Reaching Out to Senators to Spotlight Work of Credit Unions in Serving Military, Families Ahead of Thursday Hearing
October 31, 2023Many of our Virginia-based credit unions proudly serve servicemembers and their families. The Senate Banking Committee will hold a hearing on Thursday titled, “Ensuring Financial Protection for Servicemembers, Veterans and Their Families.” Considering the good work of our credit unions, your League will submit a letter ahead of the hearing to spotlight Virginia credit unions’ long, proud record of service to members of the military and their families.
- IGNITE 2024 | League Annual Meeting: Book Your Stay at Our Host Hotel
October 31, 2023IGNITE 2024 host hotel -- The InterContinental Washington D.C. (The Wharf) – is now accepting reservations!
- VACU Celebrates New Branch with $25,000 Gift to Boys & Girls Clubs of Metro Richmond
October 31, 2023Congratulations to Virginia Credit Union, which today celebrated its fourth new branch location in the City of Richmond, with this latest branch sited in the city’s historic Church Hill neighborhood. The credit union anticipates opening its fifth new branch location in a matter of weeks, with all five having opened within a year’s time. As part of the grand opening celebration, the credit union noted its recent $350,000 in funding for RPS Saves, a new initiative to encourage Richmond City Public School students to save for the future. Parents or guardians can open an account for a student and the credit union will cover the $5 membership requirement and deposit $20 into the child’s savings account. The credit union also donated $25,000 to Boys and Girls Clubs of Metro Richmond.
- NAFCU Compliance Blog: De Minimis Exception to Submitting Credit Card Agreements to the CFPB
October 30, 2023Today's NAFCU Compliance Blog post covers one of the exceptions related to submitting credit card agreements to the CFPB. Section 1026.58(c)(5)-(7) includes a de minimis exception, which may be more likely to apply to smaller credit unions.
- Chartway Recognized as One of the 50 Most Community-Minded Companies in Hampton Roads
October 30, 2023Chartway Credit Union has been named honoree of The Civic 50 Hampton Roads by VOLUNTEER Hampton Roads and Points of Light, the world’s largest organization dedicated to volunteer service. This award acknowledges Chartway as one of the most community-minded companies in Hampton Roads, determined by an independently administered and scored survey. The Civic 50 Hampton Roads initiative, modeled after Points of Light’s national program, provides a standard for superior corporate citizenship and showcases how companies can use their time, talent, skills and resources to drive social impact in their company and communities.
- DCCU Donates $20K to the Blue Ridge Area Food Bank
October 30, 2023During the months of July and August, DCCU credit card holders received additional rewards points or cash back for their grocery purchases. In turn, DCCU would make a donation to the Blue Ridge Area Food Bank (BRAFB) in relation to the dollars spent on grocery purchases. Thanks to the campaign and member support, DCCU donated $20,000 to the Food Bank.
- People's Advantage Federal Credit Union: Financial Empowerment Center Open for Business in Richmond
October 30, 2023Peoples Advantage Federal Credit Union on Oct. 28 celebrated the grand opening for its Richmond Financial Empowerment Center at 3601 Dill Road, Richmond, Virginia. The event had over 200 attendees from the community. The Credit Union’s mission is to enable the underserved, unbanked and no-credit population to build and fulfill dreams by taking the People “Advantage.”
- Crash the GAC 2024! Applications Must Be Submitted by Nov. 20
October 27, 2023Interested in attending the Governmental Affairs Conference next year as a Crasher? Gain a deeper understanding of our industry's advocacy work and how we showcase the "Credit Union Difference." The GAC is our opportunity to highlight the meaningful work credit unions are doing to improve the financial well-being of their members and communities. Apply to CRASH the GAC 2024 and take your career to the next level! Applications are due no later than Nov. 20.
- Registration Opens for League Compliance Roundtable and Member Call-In
October 27, 2023Registration is open for two upcoming League virtual events! Both are free. League Compliance Roundtable (Dec. 6) and the Member Call-In (Dec. 12).