Latest News & VACUL Headlines
- NCUA Invites MDIs to Apply for Mentor Grants
September 16, 2021The NCUA announced this week that it will begin taking applications Oct. 11 for its next round of mentoring grants to help Minority Depository Institutions. Learn more.
- League's CeJae Vtipilson Promoted to Grassroots Programs and Political Fundraising Director
September 16, 2021CeJae Vtipilson has assumed a new role at the Virginia Credit Union League following his promotion to Director, Grassroots Programs and Political Fundraising. Learn more
- An Early Win on IRS Reporting Requirements, But CUs' Engagement Still Critical as Fight Continues!
September 16, 2021We cannot let up on fight over IRS reporting requirements. If you have not sent a letter or an email, or made a phone call to your lawmakers, please do so right now!
- Tidewater Chapter Launches LinkedIn Page
September 15, 2021The Tidewater Chapter has launched a LinkedIn page, which can be found here.
- IRS Reporting Requirements: Measure Dropped From Budget Reconciliation Package, But CUs Should Continue Messages to Congress
September 15, 2021Credit unions are pleased to see that proposed IRS reporting requirements for financial institutions were dropped from the budget reconciliation package currently being marked up by the House Ways and Means Committee. We remain vigilant, however, given that the measure could be added as the budget reconciliation package winds its way through Congress.
- CEO FORUM Set for Oct. 20; Registration Open!
September 15, 2021This year's CEO Forum will be held as a one-day, in-person event on Oct. 20, at Credit Union House in Richmond. Learn more!
- League Engaged on Vaccine Mandate; Resources Available to Aid CUs
September 15, 2021In light of last week’s announcement from the Biden Administration to mandate vaccinations for employers with 100 or more employees, your League has been actively engaged in dialogue on this issue with policymakers, including the Department of Labor and trade association partners. Our partner attorneys at Woods Rogers have also provided two articles that will aid credit unions as they plan for and carefully consider their next steps.
- Study Looks at Benefits of the CU Federal Tax Exemption
September 14, 2021Removing the tax exemption of credit unions would reduce tax revenue by $56 billion and reduce economic activity by $120 billion over the next decade, while eliminating nearly 80,000 jobs per year that span, according to an independent study commissioned by NAFCU.
- Reps. Cline, Wittman Sign Onto Letter Expressing Concerns Over IRS Reporting Proposal
September 14, 2021Reps. Ben Cline (R-6th) and Rob Wittman (R-1st) have signed onto a letter by Rep. Tom Emmer (R-Minn.) to Congressional, Treasury, and Internal Revenue Service (IRS) leaders Monday expressing concerns over a proposal that would require increased reporting to the IRS from financial institutions.
- Action Alert: Write Lawmakers on Interchange; Talking Points, Issue Overview Now Available
September 14, 2021Write your lawmakers now and urge them to maintain the current interchange system that protects cards and keeps the economy flowing. Interchange talking points and issue overview now available.