CURRENT Newsletter | August 4, 2023

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CUNA, NAFCU Merger Announcement: League President/CEO Carrie Hunt Offers Perspective on Potential Impact

With the news earlier this week that the Credit Union National Association (CUNA) and the National Association of Federally Insured Credit Unions (NAFCU) intend to merge, League President/CEO Carrie Hunt offered her perspective on the potential impact on Virginia’s credit unions.

“I support this merger, knowing that ultimately the 104 credit unions in Virginia will decide whether the merger makes sense for their credit union and their millions of members. Should CUNA and NAFCU member credit unions approve the merger, your League will look forward to leveraging the talent, products and services of this new organization,” said Hunt.

Legislative Reception Aug. 8 in Harrisonburg; Roanoke, Richmond, NoVA Later This Month

Your League and credit unions will host a series of legislative receptions across the Commonwealth, including an event next week (Aug. 8) in Harrisonburg with Congressman Ben Cline and various state lawmakers! Join us in advocating for your credit union and the Virginia credit union system at this event or an event in your area.

Regulatory Compliance Weekly Roundup: Aug. 4, 2023

While the weather may have been cooler this week, the action in the regulatory compliance world has stayed hot! Here's a quick rundown of some of the recent news coming out of the NCUA, CFPB, and more.

League Offers Scholarships to Attend Upcoming Small CU Conferences in Pennsylvania, Alabama

Your League is joining CUNA and other Leagues to host two regional conferences for small credit unions – Aug. 27-29 (Philadelphia, PA) and Sept. 10-12 (Hunstsville, AL). Geared toward management and board members, these low-cost events will focus on how smaller credit unions can strengthen their operations and remain competitive long into the future. These conferences will prove most beneficial for credit unions with less than $120 million in assets. Your League is offering scholarships for these events to qualifying credit unions. IMPORTANT NOTES: The Alabama event is full, but if you registered for the event, you’re still eligible to apply for a League scholarship. Hotel reservation deadline is Aug. 10 for both events.

Discovery Conference Set for Aug. 10

Discovery2023 will focus on delivering engaging thought leadership content centered around the challenges and opportunities that resonate with credit union leaders and executives. Gain insights to fuel your strategic planning initiatives as we near the end of 2023 and head into 2024.

GROWTH Conference Features Must-Attend Sessions for Marketers

Today’s savviest and most-successful marketers are putting data to work to innovate and engage; drive growth; and personalize the member experience. This year’s GROWTH Conference (Sept. 20-22, Virginia Beach oceanfront) features a deep dive into the world of data and its power to transform financial services marketing, including how we bridge the gap between the dollars invested in marketing and the money made, as well as how we can leverage data to engage members in ways that best speak to their needs and their financial journey. We can also use this data to fuel authentic storytelling.

TRGroup, Virginia League Plan Compliance Conference This September

The TRGroup Compliance and Risk Management Conference & the TRGroup Human Resources Conference, are being held jointly Sept. 27 and 28 in Nashville, TN. Just added to the Compliance Conference session lineup: FCRA Compliance (David Reed, Reed & Jolly PLLC); Payment Systems Compliance (Roger Nettie, Regional Electronic Payment Systems Specialist with NCUA); NCUA Part 748 Incident Response (Josh Walton, Regional Information System Office with NCUA); 2023 Compliance Hot Topics (Jamin Carlisle, AUX); and Key Audit Findings in Compliance Audits (Marcus King, CU Audit & Compliance Group). Register now to save $100 with our early bird rate (through Sept.1) and book your hotel stay no later than Sept. 5 to take advantage of our deep discounts!   

TRGroup, League Human Resources Conference Sept. 27-28 in Nashville

TRGroup, a partnership between your League and six other state leagues, will host a Human Resources Conference in Nashville, on Sept. 27 and 28. Sessions and topics: Talent Management Strategies in the Future of Work; What Every Manager Needs to Know About Employee Discipline; HR Hot Topics; and an HR roundtable discussion, during which we’ll discuss the toughest HR challenges we face today. Nashville is a popular destination so register now to save $100 with our early bird rate (through Sept.1) and book your hotel stay no later than Sept. 5 to take advantage of our deep discounts!   

TRGroup, League Hosting 2nd Annual Women's Conference

Join us in Pensacola, Florida for the 2nd Annual Women’s Leadership Conference presented by The Raiffeisen Group (TRGroup). This conference brings together female leaders in the credit union movement from seven states to discuss topics most relevant to our development and growth.

In Other News …

• Building Equity: Banks, Credit Unions Aim for Greater Diversity (features BayPort Credit Union)
• Virginia Credit Union League, Dynamic Quest in New Partnership to Provide CUs with IT Assistance
• TruStage Risk Forum Aug. 16: Transactions & Fraud
• Vizo Financial Plans Financial Conference Sept. 13-15
• Deadline Is August 28 to File Comment on NCUA’s MDI Proposal
• Registration Open for NCUA DEI Summit Nov. 1-2
• CFPB Urged to Extend Small-Biz Loan Rule Stay To All Banks
• CU & Other Economists: Just-Right Job Gains Might Please Fed
• Inflation Takes Center Stage in the Week Ahead as Wall Street Looks for More Clues on Fed Rate Hikes