Home News CURRENT Newsletter | December 19, 2023

CURRENT Newsletter | December 19, 2023

Authored By: Lewis Wood on 12/19/2023

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CUs, League Meet With Rep. Wittman; Congressman Supports CUs on Biz Lending Measure for Vets, Interchange Bill

Advocates from Henrico Federal Credit Union, Langley Federal Credit Union, Virginia Credit Union and your League met with Congressman Rob Wittman (R-1st) and his District Director Joe Schumacher yesterday at Henrico FCU’s headquarters. Rep. Wittman stated his support of the credit union-backed Veterans Member Business Loan Act (H.R. 4867). He also noted that he shares our concerns regarding the Credit Card Competition Act (H.R. 3881).

Navy Federal, Trades Issue Statements on CNN Report

Navy Federal yesterday issued a statement noting its commitment to fair lending and its status as a national leader in lending to the Black community, following CNN’s misleading report on the CU’s lending practices. The statement noted steps the credit union is taking steps to thoroughly assess its mortgage lending policies and practices. The Credit Union National Association (CUNA), the National Association of Federally-Insured Credit Unions (NAFCU), and the African American Credit Union Coalition (AACUC) also released a statement yesterday, noting that fair lending practices are foundational to the credit union mission. “It’s unfortunate that a recent CNN analysis misconstrued credit union mortgage lending data to paint an inaccurate picture and draw false conclusions about Navy Federal Credit Union, and the entire credit union industry.”

League Announces 2024 Event Calendar

Your League is pleased to announce its 2024 calendar! Next year, we'll deliver dozens of in-person conferences, seminars, and webinars designed to educate and elevate you and your staff while providing invaluable networking opportunities.

Our Premier State-Level Advocacy Event is Back! Join Us Jan. 18 for CU Day at the General Assembly

Credit Union Day at the Virginia General Assembly returns on Jan. 18, and we need you in Richmond! We're looking for at least 200 credit union champions to join us as we educate state lawmakers about the "Credit Union Difference.” We'll host an informational webinar on Jan. 11 to cover Credit Union Day logistics, as well as any other legislation of interest to CUs.

Jan. 11 Webinar From New League Partner Motivosity: Learn How to Engage, Retain Employees

Together, the TRGroup and the Virginia Credit Union League are excited to introduce our new partner company, Motivosity! If you're looking for an employee rewards and recognition program that goes above and beyond to build the culture of your dreams, you'll want to join us on Jan. 11 at 2 p.m. for a webinar overview of Motivosity.

VACUPAC Contributions Must Be Received by Dec. 21 to Count in 2023

VACUPAC contributions received after Dec. 21, will not be included in 2023 totals. Please contact the League’s CeJae Vtipilson or Cathy Baldwin for more information.

CUNA Small CU Committee Collecting Success Stories; Small CUs Can Win Scholarship to GAC

CUNA’s Small Credit Union Committee is collecting small credit union “success stories” in order to share those strategies. As an incentive for small credit unions to participate, the committee will select the best entries, with those submitting the chosen stories receiving full scholarships to attend the 2024 Governmental Affairs Conference.

In Other News …

Tags: advocacy, Credit Union Day, CUNA, GAC, VACUPAC, 2024 Calendar, CNN, Navy Federal, Wittman, Interchange

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