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Latest News Posts
- UVA Community Credit Union Mourns Loss of Esteemed Chairman of the Board, Jeffrey C. Moscicki
February 7, 2024It is with profound sadness that UVA Community Credit Union announces the sudden passing of Jeffrey C. Moscicki, Chairman of the Board of Directors, at the age of 71, on Friday, February 2, 2024.
- Dinner Cruise to Benefit VACUPAC on May 2: Sponsorship Opportunities Available
February 7, 2024We'll host a sunset dinner cruise on May 2 in support of the Virginia Credit Union Political Action Committee (VACUPAC) and credit union advocacy! As part of IGNITE | the League Annual Meeting, the dinner cruise will feature a buffet meal and open bar aboard a luxury yacht. Credit unions, business partners and vendors: sponsorship opportunities are available! Note: our top-tier sponsorship levels include attendance on the cruise.
- Henrico Federal Credit Union Celebrates the Opening of the Financial Empowerment Center
February 6, 2024Henrico Federal Credit Union will today celebrate the grand opening of the Financial Empowerment Center located in Regency Mall. The Financial Empowerment Center opened in partnership with Henrico County Public Schools in 2023. Mini workshops were offered in the summer of 2023, covering subjects ranging from Banking Budgets to Understanding Probate. The program has now evolved into full-time Personal Finance classes offered weekly with the support of the HCPS Adult Education Center.
- REGular Blog: Harper Signals Additional Reporting Requirement for Large CUs
February 6, 2024NCUA Chairman Todd Harper spoke today with the Brookings Institution. As is normally the case, the Chairman's prepared remarks were published on the NCUA's website and can be viewed here. However, the Chairman participated in some Q&A following the interview, during which he indicated that the NCUA will soon require credit unions with more than $1 billion in assets to report data on both overdraft and NSF fees separately to the NCUA, according to an article from American Banker.
- League Notes Concerns With NCUA Plan to Collect Overdraft, NSF Info From Large CUs
February 6, 2024Following a speech today at the Brookings Institution, National Credit Union Administration Chairman Todd Harper announced that the agency will soon require credit unions with more than $1 billion in assets to report data on both overdraft and nonsufficient funds fees separately to the NCUA. Read our REGular blog post for insights. “Credit unions have a long track record when it comes to overdraft and nonsufficient fees,” said League Chief Advocacy Officer JT Blau. “Credit unions have responsible programs that provide members with a valued service at a reasonable cost. We know, too, that these services carry risk, require back-office effort on the part of credit unions, and can be a meaningful deterrent that keeps members out of financial trouble. This signal from the agency adds to the legislative and regulatory headwinds credit unions are fighting when it comes to non-interest income. We continue to advocate on this critical issue with the NCUA, CFPB, and with Congress.”
- Peoples Advantage FCU CEO Amanda Habansky Participates in Interchange Meeting with Fed Board Vice Chair
February 6, 2024On Monday, Peoples Advantage Federal Credit Union CEO Amanda Habansky joined staff from America’s Credit Unions, various Leagues, and credit unions for a meeting with Federal Reserve Board of Governors’ Vice Chair Philip Jefferson. Credit unions met with Jefferson to discuss the pending rulemaking on Regulation II.
- Governance Committee Seeks Candidates for 5 League Board Seats
February 2, 2024The Governance Committee of the Virginia Credit Union League seeks your recommendations for candidates to be nominated for election to the Board of Directors. In 2024, five board seats are open for election.
- Dinner Cruise to Benefit VACUPAC on May 2; Registration Open, Sponsorship Opportunities Available
February 2, 2024We'll host a sunset dinner cruise on May 2 in support of the Virginia Credit Union Political Action Committee (VACUPAC) and credit union advocacy! As part of IGNITE | the League Annual Meeting, the dinner cruise will feature a buffet meal and open bar aboard a luxury yacht.
- Credit Unions' Public Deposit Bill Fails to Advance in House Committee; Measure Dead for This Session
February 1, 2024Credit unions’ public deposits bill – H.B. 1205 – failed to advance in the House Labor and Commerce Committee today on a 13-to-9 vote. The Committee vote kills our bill for this session of the General Assembly. “Although disappointed with today’s vote, we can take some comfort in knowing we did all we could this past year to ensure this long-sought and important legislation received a fair hearing in the General Assembly,” said League President/CEO Carrie Hunt. “Unprecedented turnover in the General Assembly presented us with an opportunity and we seized it. The fight for this legislation enabled us to strengthen relationships with veteran lawmakers and build relationships with newly elected legislators that will pay dividends in the years to come.”
- Chartway Promise Foundation’s February “Give with All Your Heart” Campaign Sends Message of Hope to Medically Fragile Children
February 1, 2024Foundation also partnering with local charity to grant wishes for two Promise Heroes.
Throughout February, Chartway and its charitable arm – the Chartway Promise Foundation – invite credit union members and the public to “Give with All Your Heart” to help make wishes come true for medically fragile children and their families. Beginning February 1 and running through February 29, Chartway Credit Union members can make donations through their Chartway account.