Latest News & VACUL Headlines
- League's Carrie Hunt Notes Challenges for State Charters, Need to Modernize State Rules for CUs
October 17, 2023 - League Joins With National Trades on Amicus Brief in Critical Federal Court Case Involving Virginia-Based Credit Union
October 17, 2023The Virginia Credit Union League, the National Association of Federally-Insured Credit Unions and the Credit Union National Association today filed a joint amicus brief in a federal court case with broad implications for financial institutions’ liability in fraud cases involving misdirected payments.
- League-Supported Green Lending Initiative Continues to Draw Support
October 17, 2023A green-lending initiative supported by your League continues to pursue funding through the Environmental Protection Agency’s Greenhouse Gas Reduction Fund (GGRF).
- League Hosts Virtual CEO Forum
October 17, 2023Many thanks to everyone who participated in today's CEO Forum for credit unions with $500 million and less in assets.
- Juntos Avanzamos (Together We Advance) Designation Recognizes Chartway’s Commitment to Hispanic Consumers
October 16, 2023Chartway Credit Union is proud to announce it has received the distinguished Juntos Avanzamos designation from Inclusiv, an organization dedicated to closing the gaps and removing barriers to financial opportunities for people living in distressed and underserved communities. Credit unions dedicated to serving and empowering Hispanic and immigrant communities receive this designation. Out of more than 4,000 credit unions in the United States, only 134 have earned this designation, spanning 28 states, Puerto Rico, and the District of Columbia.
- Nomination Hearing Oct. 19 for NCUA Board Nominee Tanya Otsuka
October 16, 2023The Senate Banking, Housing, and Urban Affairs Committee will meet Thursday to consider nominations, including a nominee for the NCUA Board, Tanya Otsuka. President Joe Biden nominated Otsuka — current senior counsel for the majority staff of the Senate Banking Committee — to take the place of current board member Rodney Hood. "The Virginia Credit Union League looks forward to working with Ms. Otsuka should she be confirmed," said League President/CEO Carrie Hunt. "We are very excited to see how she will bring her talents to the credit union industry."
- Regulatory Compliance Weekly Roundup: Oct. 13, 2023
October 13, 2023News and notes from the world of regulatory compliance for the week that was! Covered in this post is the upcoming NCUA Board meeting (Oct. 19); NCUA Board Nominee Tanya Otsuka; and the CFPB's recent opinion on how fees can be a barrier to complying with requests for information.
- Registration Open for NCUA’s Oct. 19 'Serving the Hispanic Market' Webinar
October 13, 2023Learn more about how credit unions are serving the Hispanic market at a National Credit Union Administration webinar on Oct. 19.
- $10,000 Grant Awarded to Hampton Roads Educators CU for Upgraded Features to Digital and Convenience Services
October 13, 2023Hampton Roads Educators Credit Union, Inc. (HRECU) was awarded a $10,000 grant to implement additional features to improve the member’s online experience.
- New Uncertainty in Washington, But League Remains Focused on Derailing CU-Opposed Measures
October 13, 2023The situation in Washington remains unchanged. The expected vote for a House Speaker has yet to materialize, but we’re continuing to engage with lawmakers and their offices. Once business resumes in the House, it’s possible we’ll see a flurry of activity around the appropriations measures given that the temporary funding for the government ends in a month.