Latest News & VACUL Headlines
- League Supports Implementation of Member Expulsion Rule
July 20, 2023The Virginia Credit Union League applauds the National Credit Union Administration Board for its unanimous vote today to approve a modernized process for member expulsions, but will look for ways in the future to streamline the process.
- League President/CEO Carrie Hunt Featured in Podcast on State Vs Federal Advocacy
July 20, 2023League President/CEO Carrie Hunt was recently interviewed for the NAFCU Credit Union Policy Podcast for a discussion about state versus federal advocacy and policy priorities from the perspective of state regulators and lawmakers versus the federal level. Dive into specific issue areas including data privacy and data security, employment law concerns, and litigation trends.
- NCUA’s Harper Talks Challenges Facing Regulators, Credit Unions
July 19, 2023NCUA Chairman Todd Harper spoke at the International Credit Union Regulators’ Network Annual Meeting in Alexandria, Va., Monday. He discussed the challenges facing regulators and the credit unions and cooperatives they oversee and said it is essential for the credit union system—and all regulated entities—to prepare for economic and financial stress.
- CUs Urged to Write Sens. Warner, Kaine in Opposition to Move to Attach Interchange Bill to NDAA
July 19, 2023Credit unions: We are urging you to write Sens. Mark Warner and Tim Kaine in opposition to the interchange bill being included as an amendment to the National Defense Authorization Act (NDAA).
- NAFCU Compliance Blog: An Overview of the Reasonable Cause to Doubt Collectibility Exception under Regulation CC
July 19, 2023The NAFCU Compliance Blog's latest post discusses the reasonable cause to doubt collectibility exception under Regulation CC.
- Credit Unions Report a Record-Setting Plunge in Savings Balances
July 18, 2023Credit unions saw savings account balances plunge in March, as members withdrew funds to cover daily needs and to search for higher yields.
- NCUA Chairman Todd M. Harper Delivered Remarks at the International Credit Union Regulators’ Network Annual Meeting
July 18, 2023National Credit Union Administration Chairman Todd M. Harper spoke yesterday before the audience of the International Credit Union Regulators’ Network Annual Meeting in Alexandria, Virginia.
- League Monitoring Senate Debate on NDAA for Possible Inclusion of Fiercely Opposed Interchange Bill
July 17, 2023The U.S. Senate this week is debating its version of the National Defense Authorization Act and your League is closely monitoring any moves to attach the fiercely opposed interchange bill to the must-pass NDAA. In a letter today to Sens. Warner and Kaine, we urged them to oppose any effort to include interchange language in the NDAA or to include another amendment calling for the study of interchange fees paid at military commissaries and exchanges.
- Member Expulsion Rule on NCUA Board’s July 20 Agenda
July 17, 2023The NCUA Board will vote at its July 20 board meeting on a final credit union bylaws rule that updates the member expulsion process. The meeting will be streamed live on NCUA.gov starting at 10 a.m.
- League Announces Scholarship Winner for AACUC 25th Annual Conference
July 14, 2023The African American Credit Union Coalition (AACUC) will hold its 25th Anniversary Annual Conference July 16-20 at the Atlanta Evergreen Resort. The Virginia Credit Union League provides a scholarship to a credit union professional or volunteer to attend the conference. This year's scholarship winner is Chartway Credit Union's Melisande Corlett.