Latest News & VACUL Headlines
- Virginia, US Credit Unions Keep Growing Membership
September 21, 2021Membership at U.S. credit unions increased 4.0% year over year and 1.2% quarter over quarter to about 128.6 million at the end of June.
- CFPB Sues Software Company That Helps Credit-Repair Businesses Charge Illegal Fees
September 20, 2021The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing a California-based software company and its owner of providing assistance to illegal credit-repair businesses.
- IRS Reports Record Number of Scams Related to Stimulus Payments; Remind Members to Be Vigilant in Safeguarding Personal Information
September 20, 2021The Internal Revenue Service received a record number of reports about Economic Impact Payment scams in June and July 2021. Remind your members that fraud prevention starts with them. They need to protect their personal information.
- CFPB Report: Renters at Risk as COVID-19 Safety Net Ends
September 17, 2021The Consumer Financial Protection Bureau (CFPB) today released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end. Learn more
- Virginia Rolls Out Digital Proof of Vaccinations
September 17, 2021The Virginia Department of Health has started adding scannable QR codes to COVID-19 vaccination records, digitizing the proof-of-vaccination process, the state announced Thursday. Learn more
- 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.