Latest News & VACUL Headlines
- Auto Loans Cruising at U.S. Credit Unions in Q2
August 31, 2021Auto loan delinquencies continued dropping at U.S. credit unions even as total auto loans increased in the second quarter.
- IRS Reporting Requirements: Talking Points and Background
August 31, 2021In an effort aimed at increasing taxpayer compliance, the Biden Administration has proposed that financial institutions be required to report additional account holder information in an enhanced annual IRS Form 1099-INT, adding to credit unions' compliance costs and regulatory burden.
- We've Lost a Member of Our Extended Credit Union Family - Joe DeCesare
August 31, 2021We are saddened to learn of the passing of Joe DeCesare, son of Gaye DeCesare. Many of you know Gaye from her years of service as a member of the League Board, various League committees, and as a volunteer for the Northern Virginia Chapter.
- League Fights Bank Effort to Win New Branch Lease Rights on Military Bases
August 31, 2021Your League has written Reps. Elaine Luria (D-2nd) and Rob Wittman (R-1st) asking them to oppose any provision in the 2022 National Defense Authorization Act that would require DoD to treat banks the same as credit unions when it comes to leases for on-base branches.
- Supreme Court Ruling on Evictions Likely to Put Pressure on Some Members Over Housing; DOJ Weighs In With Plea to Legal Community
August 31, 2021Credit unions will need to prepare for at least some members facing housing insecurity and other related issues following a Supreme Court ruling that overruled the Biden administration's newest federal ban on evictions. In response to the Supreme Court's decision, U.S. Attorney General Merrick Garland called on the legal community to render aid when and where they could to address the looming housing and evictions crisis.
- Pages From the Diary of Mrs. C. Hunt - Aug. 31, 2021
August 31, 2021In her latest Diary post, League President/CEO Carrie Hunt spotlights Virginia credit unions' service to members of the military, important advocacy issues we're tracking, and the upcoming meet-and-greet event we're hosting in Washington! View it here!
- Waters Announces September House Financial Services Committee Schedule
August 31, 2021Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September.
- Agencies Issue Guide to Help Community Banks Evaluate Fintech Relationships
August 30, 2021The federal bank regulatory agencies released a guide intended to help community banks assess risks when considering relationships with financial technology (fintech) companies. Credit unions may find the information helpful.
- Credit Quality at U.S. Credit Union, Small Banks Improves YOY in Q2
August 30, 2021Credit quality improved at U.S. community banks and credit unions in the second quarter as delinquencies remained muted and net charge-offs tumbled.
- Ignite2021 Keynoter Brandon Farbstein on 'Stepping Into Your Own Truth'
August 30, 2021We're pleased to welcome Brandon Farbstein as our Nov. 11 keynote speaker at Ignite 2021! We look forward to seeing you in Virginia Beach!