Latest News & VACUL Headlines
- IGNITE 2023 Keynote: Virginia, the Nation and the World - 3 Perspectives
April 25, 2023We’re pleased to announce a fourth informative keynote session for IGNITE 2023! Credit unions in Virginia and beyond operate on a worldwide, national and local stage. Our panel of experts will discuss the political and governmental arena on all fronts. Key issues include the super-charged and changing politics in Virginia, the impact of the government on liquidity and the economy and how the world’s credit unions have lessons for those state-side.
- Discovery Conference Set for Aug. 10
April 24, 2023Get ready for TruStage's Discovery™2023 — its 14th annual virtual conference — on Aug. 10! Pre-register and save your spot for a full day of collaborative learning!
- Free Webinar on FedNow Operations Set for April 25
April 24, 2023CUNA will host the second in its free webinar series on the FedNow service April 25 at 2 p.m. ET. FedNow is the Federal Reserve’s real-time 24x7x365 payments service, scheduled to start operating in July.
- IGNITE 2023: Early Bird Discount Ends April 24! Register Now and Save!
April 21, 2023We’ve got an absolutely stacked program in store for IGNITE 2023! As a reminder, our early bird discount ends April 24, so register now and save $50 per person! Check out our keynotes … check out our education sessions … check out our networking events here!
- Fixed or Float - NCUA Board Briefed on Interest Rate Cap
April 20, 2023At Thursday's NCUA Board meeting, the Board received a briefing on the Loan Interest Rate Ceiling for federal credit unions. In today's rising interest rate environment, many credit unions are finding it difficult to properly risk-based price their loan and credit card products while operating within the bounds of the fixed interest rate cap. The idea of a floating interest rate cap has been gaining momentum as a possible solution. However, as you’ll read below, the Board still has some major concerns with this approach.
- Stablecoin Activity Should Be Limited to Insured Institutions
April 19, 2023Congress should subject payment stablecoins to a regulatory framework that limits activity to insured depository institutions and their subsidiaries, CUNA wrote to the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion Tuesday. The committee will conduct a hearing on stablecoin Wednesday, and CUNA submitted its letter for the record of the hearing.
- IGNITE 2023 Education Session: AI-Driven Resilience: Member-Focused Lending for Credit Unions in Any Economic Climate
April 18, 2023In this session, we’ll review data from members on what they want from their credit union during a recession and will share insights and lessons from decisions made during past harsh financial climates. You'll learn how AI-automated underwriting credit unions can make smarter, more inclusive and efficient lending decisions in good times or bad.
- League Monitoring Interest Rate Discussion at NCUA’s April 20 Board Meeting
April 18, 2023The NCUA board will be briefed on the federal credit union interest rate ceiling and issue a request for information on climate-related financial risk at its April 20 meeting. Your League urged NCUA to consider increasing the fixed rate cap or adopting a floating rate cap.
- League Readies for Busy Primary, Election Seasons and Unprecedented Turnover in General Assembly
April 18, 2023Earlier this month was the deadline for candidates to submit to run in Virginia’s June 20 state primaries. While there are some districts holding party-run conventions or firehouse primaries that allow for later submissions, the vast majority of primary races for the Virginia House and Senate have been set.
- Registration Open for May 3 Webinar on Simplified CECL Tool
April 18, 2023NCUA will host a webinar on May 3 explaining the agency’s Simplified CECL Tool, created to help small credit unions implement the current expected credit losses (CECL) accounting standard.