Latest News & VACUL Headlines
- Fed Raises Rates by Half a Percentage Point in Last 2022 Hike
December 14, 2022The Federal Reserve raised interest rates by half a percentage point Wednesday and signaled plans to keep raising them more in 2023, capping off one of the most aggressive years in the central bank’s history and marking a new phase in its fight against inflation.
- League Statement on the Passing of Del. Ronnie Campbell
December 13, 2022"Our deepest condolences to the family, friends and colleagues of Del. Ronnie Campbell,” said Virginia Credit Union League President/CEO Carrie Hunt. “We are saddened to learn of the delegate’s passing, and we appreciate his service to his constituents and the Commonwealth.”
- League's Hunt to Serve as CUNA Examination & Supervision Subcommittee Vice Chair; Named to Board of Statewide Financial Education Organization
December 13, 2022League President/CEO Carrie Hunt has been named Vice Chair of the CUNA Advocacy Committee’s Examination & Supervision Subcommittee, and also recently joined the board of the Virginia Council of Economic Education, a nonprofit organization dedicated to providing Virginia’s K-12 students with the knowledge and personal finance skills necessary to succeed in today’s dynamic economy.
- NCUA Schedules Jan. 5 Credit Union Diversity Self-Assessment Webinar
December 13, 2022Credit unions looking to take the first steps on the diversity, equity, inclusion, and belonging journey can get critical information on getting started during a webinar hosted by NCUA on Jan. 5, starting at 11:30 a.m.
- Biden's Student-Loan Relief Plan Gets Expanded Review from Supreme Court
December 13, 2022The U.S. Supreme Court expanded a planned showdown over President Biden's student-loan relief plan, saying it will hear arguments from two borrowers who contend they are being unfairly excluded from the full scope of the program.
- UVA Community Credit Union Welcomes Carolyn Burnett, VP of Business Banking/Senior Commercial Loan Officer
December 12, 2022UVA Community Credit Union is pleased to welcome Carolyn Burnett as Vice President of Business Banking and Senior Commercial Loan Officer. In her new position, Burnett is responsible for the implementation of strategic initiatives, providing support and resources for small business loans, and providing commercial banking solutions for Business members.
- Homebase Credit Union CEO Patsy Stuard to Retire
December 9, 2022Following a 45-year career with Homebase Credit Union, CEO Patsy Stuard will retire Feb. 2, 2023. Mrs. Stuard began working at the credit union in 1978. During her tenure, she held almost every position within the organization.
- Odds Drop for Cannabis Banking Bill in 2022
December 9, 2022The chances of cannabis banking legislation passing this year have dimmed after the measure was excluded from the must-pass National Defense Authorization Act, financial analysts said.
- Senate Banking Committee Outlines Priorities for 2023
December 9, 2022The Senate Banking Committee outlined the priorities of its Democrat majority for 2023. Included in the to-do list is addressing cryptocurrency and shadow bank risk, affordable housing, public transportation, climate-related risks, consumer protection and consumer debt, and defending the Consumer Financial Protection Bureau.
- House Votes to Ease FIs' Hiring of Ex-Convicts
December 9, 2022The House of Representatives on Thursday passed its version of the National Defense Authorization Act, including provisions to make it easier for financial institutions to hire rehabilitated ex-convicts — something that FIs and regulators have been pushing for years.