MemberXP, a leading CX program offered through CU Solutions Group, has named Park View Federal Credit Union as one of their 2023 Best of the Best award winners!

Read More »

Langley Federal Credit Union announced several senior leadership promotions. “We are thrilled to announce these exciting changes,” President/CEO Tom Ryan said. “Each individual brings extensive leadership experience to the credit union and exemplifies the values that make Langley such a great organization.”

Read More »

Your League immediately contacted Sen. Mark Warner today in response to a letter co-signed by the senator to federal banking regulators that urged the agencies to "closely review and examine the customer reimbursement and anti-money laundering (AML) practices of depository institutions that participate in the Zelle network."

Read More »

Sens. Kyrsten Sinema, I-Ariz., Bill Hagerty, R-Tenn., Alex Padilla, D-Calif., and Thom Tillis, R-N.C., introduced the CUNA-League led Credit Union Board Modernization Act (S.610) Wednesday. The bill would update the Federal Credit Union Act to allow federal credit union boards to meet six times per year (instead of the current once per month). The House passed the bill in January via voice vote. Sen. Tim Kaine signed on as a co-sponsor of this legislation during the last session of Congress and we lobbied for his support of this new measure during our meeting with him this week in Washington. In a meeting with Sen. Mark Warner, we also asked for his support.

Read More »

Seven banking and credit union trade groups asked the Consumer Financial Protection Bureau for more time to comment on its controversial proposed rules that would drastically cut credit card late fees. The group said the current deadline is likely to result in "arbitrary agency action" and asked the CFPB to extend it from April 3 to the later of June 3 or 90 days after the rules are published in the Federal Register. Your League strongly supports the extended comment period. 

Read More »

The CFPB announced yesterday the appointment of new members to multiple advisory committees, including four new members to the Credit Union Advisory Council (CUAC). Virginia Credit Union's Deb Wreden (EVP, Product and Delivery Strategy) continues to serve on the Advisory Council.

Read More »

On Jan. 26, 2023, the NCUA Board voted to continue the temporary 18-percent interest rate ceiling for loans made by federal credit unions, based on the authorities established by the Federal Credit Union Act.

Read More »

Virginia credit union advocates are meeting with our congressional delegation today on Capitol Hill, including Sen. Tim Kaine and freshman lawmaker Rep. Jennifer Kiggans.

Read More »

This week thousands of credit union staff, board members, leagues, vendors and more converged on Washington, DC for the annual CUNA Governmental Affairs Conference. It's a great opportunity to engage with our regulators and lawmakers and get a sense of what issues are of high priority for them. On the main stage on Monday, CFPB Director Rohit Chopra had a dialogue with CUNA's CEO Jim Nussle, followed by remarks from NCUA Chairman Todd Harper.

Read More »

CUNA generally supports NCUA’s proposed rule on loan participations, it wrote to the agency Tuesday, but believes NCUA could do more to clarify the rules. NCUA’s proposal would amend rules regarding the purchase of loan participations and the purchase, sale, and pledge of eligible obligations and other loans.

Read More »