Advocacy News
Join the conversation about the latest news and issues related to the laws, regulations, politics and issues impacting Virginia's credit unions.
- NCUA Approves Lower-Than-Proposed 2024-2025 Budget; League Appreciates NCUA Board's Action on Issues Raised During Budget Hearing
December 14, 2023The NCUA Board today approved the agency's 2024-2025 budget. Of note, the approved budget is $8.8 million less than the originally proposed budget, though the proposal still represents a 7 percent increase for 2024 over the 2023 Board-approved budget.
- Hampton Roads-Area CUs, League Host Legislative Reception in Norfolk
December 14, 2023ABNB Federal Credit Union and the League tonight hosted a Legislative Reception in Norfolk as credit unions gear up for a busy 2024 General Assembly. More than 40 credit union champions were on hand to meet with lawmakers, representing ABNB Federal Credit Union, BayPort Credit Union, Beach Municipal Federal Credit Union, Bronco Federal Credit Union, Chartway Credit Union and Langley Federal Credit Union.
- League Call-In and Dialogue: Archived Webinar Available
December 12, 2023League President/CEO Carrie Hunt hosted our virtual membership meeting Dec. 12, noting a number of new League services in the works for 2024, the upcoming General Assembly, and a busy legislative and regulatory agenda at the federal level.
- Homebase CU, League Meet with Del. Carrie Coyner
December 12, 2023Del. Carrie Coyner (R-62) visited Homebase Credit Union today to discuss legislative priorities for the upcoming session and the challenges credit unions face.
- NCUA Board Meeting Dec. 14 with Agency Budget, OTR Methodology on Agenda
December 11, 2023The NCUA has a full agenda for its Dec. 14 meeting, with a request for comment on its Overhead Transfer Rate (OTR) methodology and a vote on the agency's 2024-2025 budget slated for consideration.
- Rep. Gerry Connolly Signs on as Co-Sponsor of Veterans Members Business Loan Act
December 6, 2023Following credit union and League advocacy efforts, Rep. Gerry Connolly (D-11th) has signed on to H.R. 4867 (Veterans Members Business Loan Act) as a co-sponsor. At present, the bill has garnered the support of 14 House members in a show of bipartisan support.
- CUs, League Hold Virtual Meeting with Congressman Connolly
December 5, 2023On Dec. 4, advocates from Apple Federal Credit Union, CommonWealth One Federal Credit Union, Navy Federal Credit Union, Northwest Federal Credit Union and the Virginia Credit Union League met virtually with Congressman Gerald Connolly (D-11) to discuss legislation important to Virginia’s credit unions.
- 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.’
- House Passes Resolution to Void Section 1071 Rule
December 1, 2023The House passed a resolution of disapproval for the Consumer Financial Protection Bureau’s section 1071 rule Friday. The Senate passed the resolution in October and it will now head to President Joe Biden’s desk, who is expected to veto it.