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Latest News Posts
- Chartway's Tyjai Richardson Serves as Mentor for GAC Crashers
February 27, 2024Tyjai returns this year as a Mentor for the new crashers. He shares his top 3 tips for getting the most out of GAC.
- VA-Based CUs Send 3 Crashers to the GAC
February 27, 2024The 2024 Crash the Governmental Affairs Conference (GAC) delegation comprises talented credit union professionals from across the country who have demonstrated exceptional dedication to the credit union industry. 3 participants this year hail from Virginia-based credit unions: Sabrina Guerin, MBA, CCUFC of Virginia Credit Union, plus Benjamin Soto & Tyjai Richardson, CCUFC, both of Chartway Credit Union. Gearing up for the upcoming GAC, they reflect on what interests them in the Crashers program...
- Four Virginians Among 29 Credit Union Innovators Selected for Filene's i3 Program
February 27, 2024Twenty-nine of the credit union industry’s most innovative leaders come together to form the newest cohort of the Filene i3 Program. This latest cohort includes four credit union professionals from Virginia-based credit unions. In its 20th year, the prestigious program experiences heightened demand and intensified competition, as an increasing multitude of exceptional credit union professionals submit their applications every year. Filene i3 is a two-year innovation leadership program equipping top credit union professionals with the mindset, tools, and network to lead and shape the credit union of the 21st Century.
- FinCEN Sees Increase in BSA Reporting Involving the Use of Convertible Virtual Currency for Online Child Sexual Exploitation and Human Trafficking
February 27, 2024The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) today reflecting an increase in Bank Secrecy Act (BSA) reporting associated with the use of convertible virtual currency (CVC) and online child sexual exploitation (OCSE) and human trafficking. This FTA is based on BSA reporting filed between January 2020 and December 2021. FinCEN’s analysis highlights the value of BSA reporting filed by regulated financial institutions.
- Philly Fed Says ‘Banking Deserts’ Are Growing; Does It Matter — and How Much is a Mirage?
February 27, 2024A Philadelphia Federal Reserve Bank analysis indicates that branch closures between 2019 and 2023 created more 'banking deserts.' But with digital banking adoption accelerating, does the closure trend matter? The five states seeing the largest decrease in branches relative to 2019 totals included Virginia (down 12.5%), Maryland (down 12.1%), New Jersey (down 11.7%), Oregon (down 9.9%) and Pennsylvania (down 9.8%).
- Connects FCU Announces James McBride as New CEO
February 26, 2024The Board of Directors of Connects Federal Credit Union is pleased to announce the selection of James McBride as the credit union’s new President/Chief Executive Officer. Mr. McBride will succeed Ms. Evelyn Dowdy, who is retiring after serving in the role for nearly 26 years.
- Federal Government Shutdown Looms Again; League Asks CUs to Share Plans to Aid Affected Members
February 26, 2024As we move closer toward a potential partial shutdown of the federal government, your League is carefully monitoring the situation and engaging with lawmakers. We continue to make the point that a shutdown will harm credit union members, the regional economy, and credit unions themselves.
- Virginia Holding Presidential Primary March 5
February 26, 2024Virginia's 2024 presidential primary is March 5, with Republicans and Democrats across the Commonwealth picking the candidates they want to face off in the November general election.
- Register for League-Endorsed Training: Data Activation Education Series 2024, Data Governance Webinar
February 26, 2024Presented by THRIVE in partnership with the Virginia League. We are offering two data-focused educational opportunities in 2024. The Data Activation Series is a multi-week, five-session course on optimizing your credit union's effective use of data. The Deep Dive Data Governance webinar will be offered twice in 2024 (April 24 and Oct. 1). These are separate and distinct offerings. You are not required to register for both.
- GAC Next Week: Details on League Events, Meetings Now Available
February 26, 2024Your League plans to host a number of “Hike The Hill” legislative visits and a Legislative Reception as part of our advocacy efforts at the Governmental Affairs Conference (GAC). GAC attendees: You should have received an invite on Feb. 26 to download the GAC 2024 mobile app. You can download the app from your app store. Search for “GAC 2024.”