Latest News & VACUL Headlines
- Credit Union Youth Month Resources Available
February 16, 2023This April, celebrate the spirit of the credit union movement with younger members during National Credit Union Youth Month. During this industry-wide celebration, you can help plant the seeds of financial well-being.
- Crypto Regulatory Framework Needed, Could Aid Unbanked
February 15, 2023The significant impact of cryptocurrencies on the financial sector and the overall economy cannot be denied, CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee Tuesday for its hearing on cryptocurrency. CUNA research shows that credit union members are more than twice as likely than non-members (39% to 16%) to engage with cryptocurrencies. More than 59% of credit union members between 18 and 34 are engaged.
- As Election Day for 4th Congressional District Seat Nears, CUs, League Meet with McClellan
February 14, 2023Representatives from eight credit unions joined the League last Friday on a call with state Sen. Jennifer McClellan, the favorite in the race to win Virginia’s 4th Congressional District seat. Voters go to the polls next Tuesday (Feb. 21) to decide the race between McClellan and Republican Leon Benjamin.
- NCUA Board Set to Meet Feb. 16
February 13, 2023The NCUA board Thursday will finalize the rule related to cyber incident notification requirements.
- State Senate Committee Passes CUs' Virtual Currency Custody Services Bill
February 13, 2023The state Senate Commerce and Labor Committee today unanimously passed a substitute version of HB1727, credit unions’ virtual currency custody services bill. The bill moves to the Senate floor for consideration.
- CEO of State Department Federal Credit Union Plans Summer Retirement
February 8, 2023State Department Federal Credit Union (SDFCU) is announcing that effective this summer, Jan N. Roche will retire from her position as Chief Executive Officer.
- Status Update: CFPB Requests Information on the Credit Card Market
February 7, 2023It's critical for our lawmakers and regulators to understand the complexities of the credit card market. We've seen what can happen when it's over-simplified. Last year's Credit Card Competition Act was born from the presumption that the credit card market is uncompetitive and that Visa and Mastercard are taking advantage of merchants. In our latest REGular Blog post, we cover two recent and important notices from CFPB related to credit cards...
- InFirst Federal Credit Union Welcomes Mark Hudzik As New President/CEO
February 6, 2023InFirst Federal Credit Union (InFirst) announced that Mark Hudzik has been appointed as the new President and CEO of the credit union after Martha Wye’s retirement.
- League Notes CFPB's Focus, Recent Action on 'Fees' Will Harm CUs, Members
February 2, 2023Your League’s longstanding concerns with CFPB’s focus on “fees” have only grown this week with the release of the Bureau’s proposed rule lowering the “safe harbor” cap on credit card late fees.
- A Deeper Dive on the NCUA's Supervisory Priorities for 2023
February 1, 2023Every January, the NCUA releases their Supervisory Priorities for the year ahead. These can be a signal to credit unions of what areas might draw more focus and scrutiny from their NCUA examiners during their next exam. While the list is not exhaustive, it can be instructive to review what priorities are new to the list this year, as well as which priorities from 2022 have now fallen off the list.