Latest News & VACUL Headlines
- Navy Federal Credit Union's Michael Huff Joins Virginia Credit Union League Board of Directors
October 13, 2023Michael Huff, vice president of government relations and public policy at Vienna, Virginia-based Navy Federal Credit Union, has been appointed to the Virginia Credit Union League’s Board of Directors. He will serve as an At-Large Director until the League Board’s 2024 elections.
- Oct. 17 CEO Forum Moving to Virtual Format; Free Event for $500 Million and Under CUs
October 12, 2023Credit Union CEOs: To ensure more of our credit union CEOs can attend next week’s CEO Forum (Oct. 17), we’ve made this a FREE, virtual event. Check your email this afternoon for a personal calendar invite. Given the topics covered, we are also extending invitations to all credit unions with $500 million or less in assets.
- NCUA Board Announces 2024 Meeting Schedule
October 12, 2023The National Credit Union Administration Board today released its monthly meeting schedule for 2024. Open Board meetings are scheduled to begin at 10 a.m.
- CFPB Issues Advisory Opinion on Consumer Information Requests to Large Banks, Credit Unions
October 11, 2023Today the CPFB issued an advisory opinion regarding Section 1034(c) of the Consumer Financial Protection Act (CFPA), which requires large banks and credit unions to comply with consumer requests for information about their account. These requests can include balance inquiries, information about recent transactions, loan balances, interest rates, recent bill payments, fee schedules, lien statuses and more.
- League President/CEO Carrie Hunt to Attend Oct. 19 NCUA Board Meeting
October 11, 2023The NCUA Board will vote on proposals related to simplification of insurance rules and fair hiring in banking at its Oct. 19 meeting. League President/CEO Carrie Hunt will be attending.
- Virginia-Based Credit Unions Reach 45,000 Individuals With Personal Finance Lessons
October 10, 2023Virginia-based credit unions reported reaching 28,144 students and 17,568 adults with lessons on personal finance during the year ended June 30, 2023. To reach those numbers, Virginia’s credit unions collectively conducted 570 presentations to students and 428 presentations to adults.
- 1,000 Emails to Lawmakers in the Past Month in Opposition to Interchange Bill
October 10, 2023We’re closing in on 1,000 emails sent to Virginia’s congressional delegation in opposition to the Credit Card Competition Act (interchange legislation). We launched our most recent campaign a month ago, and you’ve responded by mobilizing your staff, officials and members!
- Regulatory Compliance Weekly Roundup: Oct. 6, 2023
October 6, 2023This week, we tackle noteworthy news on CFPB's day in court; HMDA information and reporting requirements; the Beneficial Ownership Information (BOI) reporting rule; and recent speeches from members of the NCUA Board on regulatory issues related to mortgage lending.
- As House Readies for Election of New Speaker, CUs Urged to Maintain Efforts to Fight Interchange Bill
October 6, 2023As the U.S. House of Representatives readies to select a new Speaker, your League is urging credit unions to maintain communications with lawmakers on the Credit Card Competition Act (interchange legislation).
- ABNB Honored with Brook Briggs Community Impact Award from Samaritan House
October 6, 2023ABNB Federal Credit Union is proud to be honored by Samaritan House with the ‘Brook Briggs Community Impact Award’ at their 9th annual Women Against Violence (WAV) Luncheon on Friday, October 6 at the Westin, Virginia Beach Town Center.