Latest News & VACUL Headlines
- Tidewater Chapter Plans April 13 Meeting
March 29, 2023The Tidewater Chapter looks forward to welcoming everyone to our April 13 meeting! We are honored to have Amy Mallinson, VP of Marketing at Beach Municipal FCU, Jessica Dawson, Director of Marketing at 1st Advantage CU, & Joemmel Tendilla, Marketing Manager at Chartway CU join us for a panel discussion on the power of building a personal brand. This is an amazing meeting for emerging professionals or anyone who is looking to take their personal brand to the next level!
- League Notes New Laws Coming July 2023
March 28, 2023Of the close to 100 General Assembly bills your League has been tracking in the 2023 session, 26 of them have been signed into law by Gov. Glenn Youngkin, including credit unions' digital assets custodial services bill.
- CFPB Makes Preemption Determination of Virginia Law
March 28, 2023Today the CFPB issued a determination that commercial financing disclosure laws in four states, including Virginia, are not preempted by the Truth In Lending Act (TILA). What is preemption? What laws were they looking at? Does this impact credit unions in Virginia? Let's dive in.
- Registration Now Open for NCUA Share Insurance Webinar on April 13
March 28, 2023Share insurance is fundamental to the credit union system, and it’s a complex topic. To help credit unions better understand share insurance, the National Credit Union Administration has scheduled a webinar for Thursday, April 13, to discuss how member accounts are covered.
- Demand Letters, Lawsuits Center on Wiretap Violations at Credit Unions
March 28, 2023In 2022, a nationwide rise in litigation activity centered on wiretapping violation claims was reported involving companies' use of “session replay” technology. It is important for credit unions to work with legal counsel to ensure that their website policies and technologies comply with the privacy laws and wiretap laws of each state where its website is accessed.
- League Closely Watching Lawmakers' Review of Recent Bank Failures
March 28, 2023The Senate Banking Committee today held a hearing on the recent bank failures and the federal regulatory response. FDIC Chair Martin Gruenberg, Fed Vice Chairman for Supervision Michael Barr and Treasury Undersecretary for Domestic Finance Nellie Liang were the key witnesses.
- Chartway Congratulates Two Leaders on Promotions
March 27, 2023Chartway is pleased to congratulate two team members on their recent promotions. Long-time team member, Mindy Estok, has been named senior vice president of member experience and project management. John Sapp has been promoted to senior vice president of data & business analytics.
- Arlington Community FCU, League Meet With Rep. Don Beyer
March 27, 2023Arlington Community Federal Credit Union's Karen Rosales (President/CEO) and Jim Wilmot (Chief Lending Officer) joined League Chief Advocacy Officer JT Blau for a meeting today with Rep. Don Beyer (D-8th) in Arlington. They discussed a wide array of issues during the course of the 30-minute meeting, including the recent failures of Silicon Valley and Signature Bank.
- Compliance: FinCEN Issues BOI Reporting Guidance
March 27, 2023The Financial Crimes Enforcement Network (FiNCEN) issued guidance Friday on its Beneficial Ownership Information (BOI) reporting rule, which is effective Jan. 1, 2024.
- Special Election March 28 for Virginia Senate's 9th District
March 27, 2023Voters in the state Senate's 9th District go to the polls on March 28 for a special election.