Latest News & VACUL Headlines
- CUs, League Celebrate Gov. Youngkin's Signing of Virtual Assets Custody Measure
March 24, 2023Gov. Glenn Youngkin yesterday signed credit unions’ virtual currency custody services bill into law, making Virginia among the first states to codify such authority for credit unions.
- Help Members Maximize Their Account Insurance; Training Webinars April 4, 6
March 24, 2023Help members maximize their share insurance! Our credit unions have access to the Account Insurance Estimator through League InfoSight to help communicate NCUSIF insurance coverage. Easily answer your members' questions about the availability of additional coverage.
- Vizo Financial President/CEO, David Brehmer, Announces Retirement in 2024
March 24, 2023Vizo Financial President/CEO, David Brehmer, has announced his plans to retire on January 5, 2024. Brehmer has spent 44 years in the credit union movement, 29 of which have been with the Corporate.
- Zest AI Hosting April 12 Webinar: Proven AI Underwriting for Smaller Credit Unions
March 23, 2023This webinar is a great opportunity for smaller credit unions (less than $300 million in asset size) to learn more about AI and how utilizing machine learning can improve efficiency and fair lending to their members!
- Leagues, CUNA to Co-Host Small CU Conference in September
March 23, 2023Coming this September: Your League is proud to co-present the Southeast Small Credit Union Conference! Curated specifically for the executives and board members of smaller shops, this low-cost event will focus heavily on generating income, loan-growth strategies, improving your bottom line, and ROA. Early bird registration closes July 14.
- NCUA: Simplified CECL Tool Updated for March 31, 2023
March 23, 2023The National Credit Union Administration today released the March 2023 update of its Simplified CECL Tool. With this update and future quarterly updates of the Simplified CECL Tool, a credit union can use the CECL to estimate its allowance for credit losses on loans and leases. Quarterly updates will be provided so a credit union can incorporate them before its books are closed and before it submits the NCUA’s Call Report.
- League Congratulates 40-Plus-Year Employee Kathy Smith on Coming Retirement
March 23, 2023The League wishes long-time employee Kathy Smith a happy retirement! Kathy started her credit union career in 1978 with Virginia League Central Credit Union, which was part of the “League” family in those days. She made the move to the League itself a short time later and worked in our finance and HR functions for the remainder of her 46-year career.
- Despite Banking Industry Turmoil, Fed Raises Rates 25 Basis Points
March 22, 2023After several weeks of renewed debate over how it might act following the failure of several banks, the Federal Reserve has voted to raise interest rates another 25 basis points, essentially betting it can stabilize banks at risk by backstopping their deposits and that taming inflation is the priority. NOTE: Chairman Powell's press conference viewable here.
- ValleyStar Credit Union's Collections Manager Selected for Emerging Professionals Committee
March 22, 2023ValleyStar Credit Union’s collections manager, Danielle Kennett, was selected to be a member of the Virginia Credit Union League’s (VACUL) Emerging Professionals Committee to attract, develop and retain top talent within Virginia’s credit unions.
- League Shares CUs' Input on Banking Sector Challenges With Senior U.S. Treasury Official
March 22, 2023League President/CEO Carrie Hunt today joined her fellow League presidents and CUNA staff on a call with Graham Steele, Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. Asst. Secy Steele and the Biden Administration are gathering feedback from the Leagues about deposit outflows/inflows at member credit unions, as well as what we’ve heard from credit unions related to questions and concerns about the health of the banking sector.