Latest News & VACUL Headlines
- Virginia System Mourns Loss of Retired Northern Star CU CEO Roger Early
May 16, 2023We are saddened to learn of the passing of Roger Early, retired President/CEO of Northern Star Credit Union. Early spent his career in financial services and led Northern Star as President/CEO for almost two decades before his retirement.
- Just Added at IGNITE 2023: Education Session Will Highlight NCUA’s Central Liquidity Facility
May 12, 2023Learn how the National Credit Union Administration’s Central Liquidity Facility works and how it can fit within your credit union’s broader liquidity risk-management program. Tim Dodds, vice president of the CLF, will offer a program at IGNITE on CLF membership and an overview of liquidity advances, including information on types and terms of advances, qualifications, and collateral requirements.
- As High School Graduations Near, CUs Can Lend a Helping Hand
May 12, 2023Langley Federal Credit Union is assisting graduating high school students who can't afford to pay for their caps and gowns for graduation. "We think this is a wonderful idea and hope other credit unions will consider helping students in need in their own communities," said League President/CEO Carrie Hunt.
- CUs, League Meet With State Sen. Lionell Spruill
May 12, 2023Credit union advocates from ABNB Federal Credit Union, BayPort Credit Union and your League today met with state Sen. Lionell Spruill (D-05) at an ABNB branch in Chesapeake.
- #ILoveMyCreditUnion Social Media Campaign Set for July 28
May 12, 2023It's back! The third annual credit union social media blitz, the #ILoveMyCreditUnion initiative, is set to take place on July 28. We hope your credit union will participate!
- Tidewater Chapter Awards $19,500 in Education Scholarships
May 12, 2023The Tidewater Chapter awarded $19,500 in scholarships to deserving high school seniors at the chapter's annual Scholarship Night.
- Meeting with Rep. Jennifer Wexton
May 11, 2023Credit union leaders from Northwest Federal Credit Union and Apple Federal Credit Union joined the League today in a meeting with Congresswoman Jennifer Wexton (D-10) in her office in Washington, D.C. to highlight the impact of Virginia’s credit unions and ask for her support of the SAFE Banking Act.
- Lawmakers Try Again to Solve CDFI Liquidity Crunch
May 10, 2023Community development financial institutions are facing challenges similar to their customers — raising the funds vital to stay in business. A Senate bill aims to help CDFIs address liquidity shortfalls during the current economic uncertainties.
- CUs Must Have Parity with Banks in Deposit Reform Legislation
May 9, 2023Credit unions must receive parity with banks in any deposit reform legislation, CUNA wrote to House Financial Services and Senate Banking, Housing, and Urban Affairs Committee leadership Monday. Congress and the Federal Reserve have indicated interest in deposit insurance reform in the wake of recent high-profile bank collapses. This is an issue your League is following closely, as well.
- Richmond-Area CUs Hit the Links for VACUPAC
May 9, 2023Sixty golfers teed off in the Richmond-area Bill Dawson VACUPAC Golf Tournament on May 9. Hosted and organized by Henrico Federal Credit Union, the annual fundraiser supports the Virginia Credit Union Political Action Committee (VACUPAC), the political action committee for Virginia-based credit unions.