League News Releases
- League Writes Sens. Warner, Kaine Ahead of Senate Testimony from CFPB's Chopra
December 5, 2023Last week, your League sent letters to Sens. Mark Warner and Tim Kaine regarding the Consumer Financial Protection Bureau’s (CFPB) Semi-Annual Report to Congress.
- League Showcases Credit Union Difference with Federal Advocacy Work
December 5, 2023It’s been a busy week of advocacy work at the federal level, with your League working to showcase the ‘Credit Union Difference.’
- League Member Credit Union Call-in with Carrie Set for Dec. 12
December 4, 2023League President/CEO Carrie Hunt hosts our virtual membership meeting on Dec. 12, with updates on the coming General Assembly session, federal advocacy issues, and more! We want to hear from you on the issues and concerns that weigh on your credit union and your thoughts on the League's direction and services.
- League Releases 2022-2023 Impact Report Highlighting Our Work to Advance CUs
November 22, 2023Your League is pleased to release its 2022-2023 Impact Report! With your support, we have seen state and federal advocacy wins, continued growth for our education and networking opportunities, and the expansion of our products and services.
- League Submits Comment Letter on NCUA Budget Proposal
November 21, 2023Your League today filed its written comments on the National Credit Union Administration’s 2024-2025 budget proposal. Our written comments expand on the testimony of League President/CEO Carrie Hunt last week at the agency’s in-person public hearing.
- CommonWealth One, Peoples Advantage, Virginia CUs Recognized with National Financial Education, Member Service Awards
November 17, 2023Three Virginia-based credit unions have been recognized with national financial education and member service awards.
- League's Carrie Hunt Testifies on NCUA's Budget Proposal; Urges Agency to Consider Impact of Increased Regulation, Rising Costs on CUs' Ability to Serve Members
November 16, 2023League President/CEO Carrie Hunt testified today during the National Credit Union Administration’s public hearing on the agency’s 2024-2025 budget proposal. During her testimony. Hunt noted three key areas of concern: cybersecurity, the agency’s allocation of resources as it relates to serving credit unions of every size, and an increased scrutiny on consumer compliance.
- Green Lending Initiative Supported By the League Names Interim CEO
November 15, 2023Ecority, a green-lending initiative supported by your League, has named Chuck Purvis as Interim CEO and Board Member. League President/CEO Carrie Hunt is serving on an advisory board for Ecority, an independent nonprofit seeking to secure for credit unions and Community Development Financial Institutions a share of funding from a $27 billion fund at EPA. Ecority is composed of credit unions and CDFIs in 43 states, including Virginia’s own Langley Federal Credit Union. “I’m proud of how credit unions and industry partners came together through Ecority to seize this unique opportunity. I wanted to ensure the Virginia League took a leadership role in this initiative, knowing what we could accomplish if credit unions are able to leverage GGRF funds in serving members and our communities,” said Hunt.
- League Holds Virtual Meetings with NCUA Vice Chair Hauptman; Treasury Official
November 14, 2023The League last week held virtual meetings with NCUA Vice Chairman Kyle Hauptman and Assistant Secretary of the Treasury for Financial Institutions Graham Steele. During the meetings, the League and member credit unions had the opportunity to discuss marketplace, economic and regulatory issues that impact credit unions and our members.
- Comments on Federal Reserve Interchange Proposal Due Feb. 12; League Will Oppose Changes to Current Interchange System
November 13, 2023The Federal Reserve published its interchange proposal Tuesday in the Federal Register with a comment deadline of Feb. 12. The Fed Board of Governors proposed the changes at its Oct. 25 meeting. Credit unions strongly oppose changes to the current interchange system and your League will voice its opposition to the Federal Reserve Board proposal.