Latest News & VACUL Headlines
- Interest Rate Cap Briefing, Climate Risk RFI on NCUA’s April 20 Agenda
April 14, 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. CUNA requested NCUA consider increasing the fixed rate cap or adopting a floating rate cap in recent engagement with the agency. The Federal Credit Union Act provides a default interest rate limit for federal credit union loans of 15%, and permits the NCUA Board to increase the rate cap if certain conditions are met. It has been 18% since the late 1980s, most recently renewed in January.
- Early Bird Registration for IGNITE 2023 Ends April 24
April 14, 2023Just a reminder that the early bird discount for IGNITE | the League Annual Meeting is April 24! Register now and save $50! We’re excited to be returning to historic Williamsburg May 24-26 with four stellar keynote sessions, four timely education breakouts and networking opportunities galore!
- IGNITE 2023 Education Session: Managing Teams Who Are Out of Sight, Not Out of Mind!
April 14, 2023Credit union leaders are now faced with the unique challenge of managing remote and hybrid employees while balancing the needs of employees who provide crucial member-facing services for the community. This session will help you navigate these complex workplace trends so that the employees and leaders are engaged, connected and productive.
- Join Liberty University Athletes at Freedom First’s Lynchburg Branch Grand Opening Celebration
April 14, 2023Freedom First Credit Union will be hosting a grand opening celebration on Thursday, April 20th at their new branch location, located at 2102 Langhorne Road.
- Peoples Advantage Federal Credit Union Awarded CDFI ERP Grant
April 12, 2023Peoples Advantage Federal Credit Union (PAFCU) received $6.1 million in CDFI Equitable Recovery Program (CDFI ERP) funding by the U.S. Department of Treasury on Monday. Peoples Advantage was one of 11 organizations that received funding in the state of Virginia.
- PenFed's Schenck Among Speakers at NCUA Capital Markets Symposium
April 11, 2023PenFed President/CEO James Schenck was among the speakers at today's Capital Markets Symposium, hosted In New York City by National Credit Union Board member Rodney Hood. Schenck participated in a panel discussion on balance sheet management tools, including asset securitization, loan participations and pools, and subordinated debt.
- Freedom First Credit Union is Excited to Welcome Courtney Woody as VP Mortgage Loan Originator to their Lynchburg Team.
April 11, 2023Courtney joined Freedom First to spearhead mortgage lending in the Greater Lynchburg region from the Langhorne Branch location at 2102 Langhorne Road in Lynchburg, which is scheduled to host a grand opening event on April 20th.
- In Response to Bank Crisis, CUES Launches Safe and Sound: Resources for Financial Stability
April 11, 2023Talent development leader CUES has launched Safe and Sound: Resources for Financial Stability to support credit unions in response to the recent bank crisis.
- Vizo Financial Named 2023 Gallup Exceptional Workplace Award Winner
April 11, 2023Vizo Financial Corporate Credit Union, a state-chartered corporate credit union that serves 1,100 credit unions throughout the U.S. and Canada, received the 2023 Gallup Exceptional Workplace Award (GEWA) on March 29, 2023.
- BayPort Credit Union Kicks off Financial Literacy Month with $100,000 Financial Wellness Giveaway
April 10, 2023April is U.S. National Financial Literacy Month, and BayPort Credit Union is marking its commitment by kicking off a $100,000 Financial Wellness Giveaway. BayPort is inviting its member and the community to improve their financial wellness in three big ways this year.