League News Releases
- Member Spotlight: Celebrating Richmond Heritage FCU's 88-Year Legacy of Financial Empowerment
June 19, 2024As we commemorate Juneteenth, we proudly celebrate the 88-year legacy of the Richmond Heritage Federal Credit Union (RHFCU). Established in April 1936 as the Richmond Teachers Credit Union, RHFCU has remained a pillar of support and empowerment for the Black community in Richmond. Through decades of dedication and resilience, RHFCU has championed financial inclusion, overcoming significant challenges.
- Celebrating 75 Years: Front Royal Federal Credit Union’s Legacy of Community Empowerment
June 14, 2024VACUL member, Front Royal Federal Credit Union, marks its 75th anniversary this year, reflecting on a journey that began in 1949 with a simple mission to serve the employees of the American Viscose Plant in Front Royal, Virginia. From its modest inception with just 12 members, Front Royal FCU has grown significantly, now operating from two locations with a dedicated team of 15, some of whom have been with the credit union for over three decades.
- Peoples Advantage FCU: Leading the Charge in Community Financial Empowerment
June 14, 2024Member Feature: As a distinguished member of the Virginia Credit Union League, Peoples Advantage Federal Credit Union shines through its dedication to financial education and community empowerment, particularly in underserved areas of Petersburg, Virginia. Their commitment as a Community Development Financial Institution (CDFI) not only underscores their mission but also reflects their deep-rooted values in building stable financial futures.
- Remembering Bill Stark
June 7, 2024It is with deep sadness that we announce the passing of William Frank “Bill” Stark, who passed away on May 26, 2024, at the age of 92. Bill served the Virginia Credit Union League with unwavering dedication for 34 years, retiring as Executive Vice-President. His impact on the credit union system and those who worked with him will be fondly remembered.
- Social Responsibility Awards: Get Recognized for Your Good Works!
June 7, 2024The call for entries has begun for the League Social Responsibility Awards. Showcase the extraordinary efforts your credit union is taking to serve your members. The deadline to apply is August 30.
- League Offering $2,000 Scholarship to AACUC Annual Conference
May 29, 2024We seek candidates for the Lynette Smith Scholarship, which benefits a Virginia-based African-American credit union professional or official. The scholarship provides $2,000 to cover the recipient's attendance at the African-American Credit Union Coalition’s Annual Conference (July 30th- August 2nd). The deadline to submit your application is June 9.
- REGular Blog: NCUA May Board Meeting, Trends and Takeaways
May 28, 2024The NCUA held its May Board meeting on May 22. At this meeting, the Board received a briefing on the Share Insurance Fund, which is done on a quarterly basis. This was the only agenda item.
- REGular Blog: SCOTUS finds CFPB's Funding Structure Constitutional
May 17, 2024In a 7-2 opinion released Thursday, the Supreme Court ruled that the CFPB's funding structure did not violate the U.S. Constitution, overturning a decision from the 5th Circuit Court of Appeals.
- VACUL Announces Board Election Results; New Officers
May 17, 2024Member credit unions elected the following individuals to the Virginia Credit Union League Board of Directors. The League is the statewide trade association for the Commonwealth's 99 member-owned, not-for-profit credit unions.
- Introducing Virginia Credit Union League’s Newest Hire Stephen McNiff
May 16, 2024The Virginia Credit Union League is thrilled to welcome Stephen McNiff to our team. As our new consultant for small and medium-sized member credit unions, Stephen brings a robust background in financial services that will greatly enhance the support we offer