League News Releases
- 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
- Report: CFPB Examines Credit Card Rewards Challenges
May 16, 2024The Consumer Financial Protection Bureau (CFPB) recently turned its attention to issues in credit card rewards programs, which could impact credit unions significantly. Their findings highlight concerns like vague terms, reward devaluation, and redemption issues—common problems that can frustrate cardholders and complicate credit management.
- Court Halts CFPB Rule on Credit Card Late Fees Amid Constitutional Concerns
May 16, 2024A Texas court has temporarily stopped the Consumer Financial Protection Bureau's (CFPB) new rule that would cap credit card late fees at $8. The preliminary injunction highlights constitutional questions concerning the CFPB's funding and halts the rule's implementation amid discussions on its impact on credit unions and the broader financial industry.
- Assessing the Impact of High Interest Rates on Inflation
May 16, 2024The Federal Reserve's recent strategy of increasing interest rates to temper inflation has shown mixed results, as detailed in recent statements from Fed officials. While the rates have reached a 23-year peak, their direct impact on consumer behavior and inflation remains uncertain, pointing to potentially prolonged high rates.