Home News CURRENT Newsletter | December 21, 2023

CURRENT Newsletter | December 21, 2023

12/21/2023

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HAPPY HOLIDAYS: Please note that the League office will be closed Dec. 22, Dec. 25 and Jan. 1 for the holidays! From all of us at your League, we wish you the best this holiday season!

Carrie Hunt Departing Virginia Credit Union League to Serve as Chief Advocacy Officer for America's Credit Unions

The Virginia Credit Union League Board of Directors announced today that President/CEO Carrie Hunt will be leaving the League to serve as Chief Advocacy Officer for America’s Credit Unions, effective March 1, 2024.

“Carrie’s leadership enabled the League to reach new heights as the champion for Virginia-based credit unions and as a national leader in advocating for the advancement of all credit unions,” said League Chairman Joe Thomas, of NextMark Credit Union. “We appreciate Carrie’s service during the past three years in the Commonwealth, and we’re pleased that her work on behalf of credit unions will continue on the national stage.”

League Ready to Work with Incoming NCUA Board Member Otsuka

The Senate voted to confirm Tanya Otsuka to serve on the NCUA board Wednesday. Otsuka currently serves as senior counsel for the Senate Banking Committee and was nominated by President Joe Biden in September. "The Virginia Credit Union League congratulates Ms. Otsuka and looks forward to working with her as a member of the NCUA board to ensure credit unions have the tools they need to serve members," said League President/CEO Carrie Hunt. "We are excited to see her bring her talents to the credit union industry."

Regulatory Compliance Weekly Roundup: December 21, 2023

Happy…Thursday everyone! With the holidays upon us, the weekly roundup is one day early this week! Today's post tackles news from NCUA (Otsuka's confirmation, CECL) and FinCEN's release of the Beneficial Ownership Information Access Rule.

Interested in Serving on a League Committee? Let Us Know!

The League Board is accepting nominations for our working committees! Interested in serving? Complete the nomination form here.

IGNITE | League Annual Meeting: Register for Event; Reserve Your Hotel Stay

Looking to secure your IGNITE | League Annual Meeting registration through this year’s budget? Registration is now open for our premier networking and education event, which is being held May 1-3 on the waterfront in Washington, D.C. at InterContinental (The Wharf).

Register Here | Book Your Hotel

Let League Partner Dynamic Quest Help Protect Your CU from Cyber Threats

As many of you may be aware, there was recently a large-scale cyberattack that impacted 60 credit unions across the U.S. Unfortunately, this is a very negative bit of news associated with our industry. In the League's capacity as advisors to our member credit unions, we would like to take the time to reinforce the need for credit unions to pay special attention to your technology and cybersecurity postures.

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.

Simplified CECL Tool Updated for December 2023

The National Credit Union Administration released today the December 2023 update of its Simplified CECL Tool. The update includes the latest life-of-loan, or Weighted Average Remaining Maturity, and other enhancements.

In Other News ...

Tags: Carrie Hunt, Virginia Credit Union League, America's Credit Unions, Tanya Otsuka, NCUA, National Credit Union Administration, Dynamic Quest, cybersecurity, cyber breach, data breach, security, ransomware

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