Latest News & VACUL Headlines
- Chartway Congratulates Two Leaders on New Roles
November 10, 2022Chartway is proud to congratulate two leaders – Melissa Cade and Rob Keatts – on their new roles. Cade has taken on the newly created role of senior vice president of product & innovation, and Keatts has been promoted to executive vice president/chief strategy & information officer.
- Kiggans Ousts Luria, but Democrats Keep Virginia Losses to a Minimum
November 9, 2022Republicans flipped their easiest Virginia target in Tuesday’s midterm elections but fell short of their high expectations as Democrats successfully defended two other contested seats.
- Credit Union Champions Victorious in Tuesday’s Mid-Terms
November 9, 2022Credit union champions from around the country were victorious in Tuesday’s mid-term elections. CUNA, Leagues, and CUNA’s federal PAC, the Credit Union Legislative Action Council, invested $6.6 million in support of 398 candidates on the ballot Tuesday.
- Two Key Banking Policymakers Win Elections
November 9, 2022Rep. Patrick McHenry of North Carolina and Sen. Tim Scott of South Carolina — Republican heirs apparent to leadership positions on the congressional banking committees — handily won reelection, according to the Associated Press, but other closely watched races remained uncalled Tuesday night.
- Risky Business: Protecting Your CU in the Payments Space
November 4, 2022Credit unions are facing various threats in the payments space; here’s what they need to know to protect themselves.
- Northwest FCU Helps Make STEM Education Fun
November 4, 2022To celebrate their 75th anniversary, Northwest Federal Credit Union employee volunteers teamed up with the Northern Virginia Science Center Foundation to assemble 200 STEM kits which will be donated to children in the community.
- Interchange Fees May Come to a Head in Lame-Duck Congress
November 4, 2022The Credit Card Competition Act, a bill that aims to reduce the largest payment networks' leverage on interchange fees, could get new life after the midterm elections come to a close.
- NCUA should Ensure FHLBank ‘Negative Tangible Equity’ Issues are Resolved
November 2, 2022CUNA, the American Association of Credit Union Leagues (AACUL), and Leagues wrote to NCUA board members Wednesday urging the board to ensure that creditworthy credit unions with negative tangible equity are able to “quickly and efficiently” obtain necessary written requests for advances from NCUA to the Federal Home Loan Banks (FHLBanks).
- NAFCU Compliance Blog: The Fifth Circuit and the CFPB
November 2, 2022On October 19, 2022 the Fifth Circuit ruled that the CFPB was unconstitutional and that the 2017 Payday lending rule was therefore vacated. Since the ruling, the compliance team has heard about compliance professionals and credit unions questioning whether or not the CFPB would be abolished because of the ruling and how much weight they should give to CFPB rules/guidance.
- CUNA, NAFCU Have Thoughts on Proposed NCUA Budget
November 1, 2022While CUNA and NAFCU both applauded the NCUA’s transparency of its proposed 2023-2024 budget process, the trade groups submitted letters Friday to ask the agency to trim down the budget and, at the same time, find ways to not add new credit union regulations that could overburden the industry.