CURRENT Newsletter | August 29, 2023

CURRENT Newsletter | August 29, 2023

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NoVA-Area Legislative Reception Aug. 30; We Need Additional Credit Union Attendees!

NoVA credit unions: There’s still time to join us tomorrow (Aug. 30) for our Legislative Reception at Northwest Federal Credit Union (6 p.m.-8 p.m.)! Register here. At present, Congresswoman Jennifer Wexton (D-10^th) and 20 current lawmakers and political candidates have RSVP'd. What we need is additional credit union support from across the region, so please join us!

“Advancing our legislative agenda starts with building a good working relationship with legislators and policymakers,” said Virginia Credit Union League President/CEO Carrie Hunt. “These legislative receptions provide us the opportunity to connect lawmakers and credit unions, showcase the good work of credit unions in serving their members and communities, and build awareness of the issues that matter most to us.”

GROWTH Conference: Leveraging All Facets of Your Operations to Drive Growth & Fuel Success

Join us at the Virginia Beach oceanfront for an informative, thought-provoking conference that seeks to answer that all-important question: How do we deliver enterprise-wide strategy, differentiation and performance to fuel the growth and success of our credit union?

League Compliance Roundtable Sept. 6; Register Now for Free Webinar

Join us Sept. 6 for the League’s free Quarterly Compliance Roundtable. JT Blau, Chief Advocacy Officer of the League, and attorney Jay Spruill (Woods Rogers Vandeventer Black PLC), who serves as lead attorney for the League's Compliance Hotline, will discuss the following: fraud scams targeting member accounts and protective measures a credit union can take; NCUA’s new member expulsion rule; NCUA’s new cyber incident reporting requirement; FinCEN’s update of their examination manual; and other recent hot topics from the League Compliance Hotline.

Credit Unions: Financial Education Grant Program Accepting Applications

Through the generosity of Vizo Financial Corporate Credit Union, Virginia's credit unions can apply for grants that will fund financial education projects or programs to empower members to reach financial goals and establish a better quality of life. Up to $50,000 annually will be allocated to the Credit Unions Care Foundation of Virginia. Grants will be awarded in April 2024. Small credit unions are encouraged to apply.

Tidewater Chapter Meets Sept. 14

CUNA's Richard Gose (Chief Political Officer) and the Virginia League's JT Blau (Chief Advocacy Officer) will present a program on key state and federal legislative issues at the Tidewater Chapter's Sept. 14 meeting.

Vote Opens on Transformation to America’s Credit Unions

Members of CUNA and NAFCU have received ballots to vote on the proposed merger of the two associations to form America’s Credit Unions. The vote will remain open for 60 days.

In Other News …

• Langley Federal Credit Union Donates $25,000 to American Red Cross to Support Hawaii and Hilary Disaster Relief Efforts
• Virginia-Based CUs Make American Banker’s 'Top CUs to Work For'
• Sept. 13 Emerge Certification Module Offers Overview of CU System, Philosophy, CU Financials, and Legislative Advocacy
• TRGroup, Virginia League Plan Compliance Conference Next Month (Early bird deadline Sept. 1)
• Sept. 7 Webinar: Fintech is Here! Where Do You Start?
• What New Data Show in War for Talent in Credit Unions; Plus, What CUs are Paying in Compensation
• Virginia budget negotiators reach deal, ending six-month standoff 
• NCUA’s Harper Discuss Economic Outlook, the Need for Vendor Authority at NASCUS’s S3
• Number of Women Leading Large Credit Unions Grows Slowly
• U.S. Treasury and Internal Revenue Service Publish New Proposed Crypto Tax Regulations
• Biden’s Junk Fee Push Goes Local
• 8 Things Credit Unions Should Know About FedNow Now