League News Releases
- 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.
- League Celebrates Winners of 2023 Social Responsibility Awards, Outstanding CU Leaders
November 9, 2023The Virginia Credit Union League is pleased to announce the winners of its 2023 Social Responsibility & Member Service Awards. Each year, the League and the Credit Union National Association sponsor four awards competitions to recognize credit unions for their work in financial education, community service and outreach, and excellence in member service.
- League-Partner Ecority Poised to Help CUs Become Nationwide Leaders in Green Lending with $14B+ Grant Application
November 8, 2023A green-lending initiative supported by your League has formally submitted an application in pursuit of funding through the Environmental Protection Agency’s Greenhouse Gas Reduction Fund (GGRF).
- League Showcases CU Service to Veterans Ahead of Senate Banking Hearing
November 3, 2023Your League wrote Sen. Mark Warner on Wednesday to tout credit unions’ good work in supporting servicemembers, veterans and their families. In a letter sent ahead of Thursday’s Senate Banking Committee hearing on financial protections for servicemembers and veterans, the League asked Sen. Warner to remain mindful of credit unions’ continued commitment in this area. We noted the proud history of credit unions here in Virginia that were chartered initially to serve various military bases and servicemembers.
- League President/CEO Carrie Hunt to Testify on NCUA Budget Proposal
November 3, 2023League President/CEO Carrie Hunt will be among the industry stakeholders testifying on the NCUA budget at a public hearing on Nov. 16. The agency will hold a public budget briefing at its Central Office, beginning at 2 p.m. The meeting will be livestreamed on NCUA.gov.
- League President Carrie Hunt Responds to CUs' Approval of CUNA-NAFCU Merger
November 2, 2023The Credit Union National Association and National Association of Federally Insured Credit Unions today announced that member credit unions of both organizations have approved a merger of the two national trade associations. “The coming formation of a new national credit union trade association represents a singular opportunity to leverage the strengths of both CUNA and NAFCU in order to advance our industry,” said League President/CEO Carrie Hunt. “A single national trade association promises dues-paying credit unions operational efficiencies, economy of scale and a unified voice on the advocacy front.”
- Crash the GAC 2024! Applications Must Be Submitted by Nov. 20
October 27, 2023Interested in attending the Governmental Affairs Conference next year as a Crasher? Gain a deeper understanding of our industry's advocacy work and how we showcase the "Credit Union Difference." The GAC is our opportunity to highlight the meaningful work credit unions are doing to improve the financial well-being of their members and communities. Apply to CRASH the GAC 2024 and take your career to the next level! Applications are due no later than Nov. 20.