Latest News & VACUL Headlines
- The Evolving Consumer Expectations Every Credit Union Needs to Know
March 21, 2023What people expect from their primary financial institution (PFI) is changing. COVID-19 certainly played a role, as consumers experienced the convenience and time savings of using digital means to accomplish everyday tasks. The pandemic was not the only reality to alter expectations, however. Louder cries for social justice and the acceleration of diversity, equity and inclusion (DEI) principles echoed across the country, inspiring many people to rethink where they do business and with whom.
- The Four Keys to Credit Union Success
March 21, 2023Cooperation among cooperatives is a crucial cog in the machine that is the credit union movement. To stay modern and competitive with financial service providers, credit unions require support that enables them to perform at a high level for their members. This collaborative effort should be focused on four key areas in 2023, to help advance the credit union movement and ensure a strong future for the industry.
- Chartway Holds 64th Annual Meeting & Announces 2023 – 2024 Board of Directors
March 20, 2023On February 21, 2023, Chartway held its 64th Annual Meeting and elected by acclamation several individuals to the board of directors.
- League Hosting Virtual 'Credit Union Roundtable' March 22 on Bank Failures, CU Response
March 20, 2023Credit Unions: Join us on March 22 as we discuss the recent high-profile bank failures and their impact on the financial marketplace and what we're hearing in Washington from lawmakers and regulators.
- IGNITE 2023 Education Session: Best Practices in Commercial Risk Management
March 17, 2023Rising rates and inflation, not to mention the recent shocks to the industry and market, could cause collateral values to suffer and highly leveraged borrowers to default. So, what’s hiding in your commercial loan portfolio could cause a shift in risk?
- Federal Reserve Announces July Launch for FedNow Service
March 16, 2023The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch.
- NCUA Board Passes League-Supported Final Rule on Subordinated Debt; Board Also Addresses Impact of Recent Bank Failures
March 16, 2023The NCUA Board today passed its final rule on subordinated debt, while also addressing the recent bank failures that have caused some concern for the overall health of the nation’s financial system. “We’ve been keenly interested in adoption of the subordinated debt rule as an important tool to aid credit unions eligible to participate in Treasury’s Emergency Capital Investment Program,” said League President/CEO Carrie Hunt, who attended today’s NCUA Board meeting in-person. “The rule also provides additional flexibility for credit unions interested in pursuing subordinated debt and makes minor modifications that make the process easier and more appealing to credit unions.”
- Credit Unions Safe, Sound: Communication Resources Available for Recent Bank Failures
March 16, 2023Your League has a number of resources available to aid you in communicating with members about the safety and soundness of your credit union in the wake of recent failures in the banking industry, including talking points, a sample news release and a tool to help you maximize members' account insurance coverage.
- Register Now for Ask the Fed Webinar on the Bank Term Funding Program
March 15, 2023The Federal Reserve is hosting a webinar today, March 15, at 1 p.m. Eastern time on its New Bank Term Funding Program.
- Help Members Maximize Their Account Insurance
March 15, 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.