CURRENT Newsletter | June 23, 2023

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NOTE: This week your League hosted more than 40 emerging professionals in Richmond at our annual EMERGE conference. Two days of sessions covered a wide range of topics, including communication, advocacy, networking, soft skills, and career paths. It was awesome to see the future leaders of Virginia's credit unions coming together and building their skills. Thank you to all the attendees, vendor sponsors, speakers and organizers! Check out the League's various social channels for photos!

League Hosting Member Call-In on June 27

Join us on June 27 (11 a.m.) for a special virtual meeting for League members and credit unions interested in League membership! Our discussion will focus on advocacy, including key legislation at the federal level (interchange, CU Board Modernization, and more) and the political landscape at the state level (primary election outcomes, the outlook for November’s general election, and the 2024 General Assembly session). We also want to hear from you about your top-of-mind issues and concerns! Register here

• Related: Following Primaries, November's Races (Mostly) Set as CUs, League Ready for Busy Election Season
• Related: Interchange Legislation: Write Your Lawmakers; Urge Them to Oppose H.R.3881 and S.1838

CUs, League Hosting Legislative Receptions Beginning with June 28 Event in Danville

Your League and credit unions will host a series of legislative receptions across the Commonwealth, beginning June 28 (in Danville), with additional events scheduled for August. Join us in advocating for your credit union and the Virginia credit union system!

NCUA Focuses on Chartering New CUs, Promoting MDIs; Notes CDRLF Grant Window Still Open

The National Credit Union Administration Board held its sixth open meeting of 2023 and approved a proposal about the agency’s minority depository institution preservation program and a notice and request for comment on the NCUA operating fee schedule methodology. The NCUA Board also was briefed on efforts to modernize the chartering process for federal credit unions. League President Carrie Hunt attended the meeting in person.

Regulatory Compliance Weekly Roundup: June 23, 2023

Here are a few notable highlights of what happened this week in the world of regulatory compliance, including actions by the NCUA and news about the CFPB. Plus, an upcoming CFPB webinar (June 28) will benefit any credit union involved in business lending.

June 30 Entry Deadline for Social Responsibility Awards

Every credit union is engaged with its community at some level and your League and CUNA want to recognize and honor your good work through the Dora Maxwell Social Responsibility Community Service Award, Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Financial Education Awards. The deadline for award submissions is June 30, 2023.

Leagues, CUNA to Co-Host Small CU Conference in September; Early Bird Discount Ends Today!

Coming this September: Your League is proud to co-present the Southeast Small Credit Union Conference! Curated specifically for the executives and board members of smaller shops, this low-cost event will focus heavily on generating income, loan-growth strategies, improving your bottom line, and ROA. Early bird discount ends June 23!

Did You Attend IGNITE 2023? If So, We’d Appreciate Your Feedback

Many thanks to everyone who attended IGNITE 2023 | the League Annual Meeting! To aid us in planning for next year’s event in Washington, D.C. (May 1-3 at the InterContinental Hotel at The Wharf), we ask that you kindly complete this eight-question survey. Complete the survey by June 23 and you’re entered to win a $50 Amazon gift card.

In Other News …

• DCCU Board of Directors Appoints New Chair
• ABNB Federal Credit Union Welcomes Sam Kazmi as its New Vice President of Real Estate
• CFPB Webinar: Institutional Coverage under the Small Business Lending Rule
• Registration Open for NCUA DEI Summit Nov. 1-2
• Time for Employers to Replace HR Posters on Employee Rights
• FHLBank Atlanta 2023 Election of Directors; Candidates Sought for Two Independent Directorships