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Latest News Posts
- 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.
- Peoples Advantage Announces Service Philanthropic Extension, Peoples Advantage Helping Hands, and First Executive Director, Shanika McClelland
January 31, 2024Peoples Advantage Federal Credit Union (PAFCU) announces its philanthropic extension to the Credit Union, Peoples Advantage Helping Hands (PAHH), the 501(c)3 to serve as the backbone to fill financial gaps that negatively impact historically marginalized community members. As a certified Community Development Financial Institution (CDFI), PAFCU aims to meet the needs of communities that are often challenged with lower income levels and neglected by mainstream financial services. This extension will allow the credit union to partner with PAHH to expand access to free financial coaches and new loan products designed to build wealth in the community.
- REGular Blog: When Do Credit Union Mergers Not Need Member Approval?
January 31, 2024Credit unions acquiring banks has gotten a lot of headlines in the banking press world this year, with four bank asset acquisitions announced so far in 2024. However, another interesting merger story has played out behind the scenes a couple of times in recent weeks: NCUA approving mergers without a member vote.
- CUs’ Public Deposits Bill: Your Help Needed!
January 30, 2024Our grassroots efforts to fight for HB 1205, our public deposits bill, continue and we’re urging credit union champions to email lawmakers today in support of the measure.
- Chartway Credit Union Announces the Promotion of Melissa Cade to Chief Retail Officer
January 30, 2024Chartway Credit Union is proud to announce the immediate promotion of Melissa Cade to the position of chief retail officer.
- NCUA Sets Feb. 8 Webinar on 2024 Supervisory Priorities
January 29, 2024The NCUA released details on an upcoming webinar to discuss the agency’s 2024 supervisory priorities. The webinar will be held Feb. 8 at 2 p.m.
- Chartway Co-Sponsors Appearance of Nelson Mandela’s Grandson at Norfolk State University to Kick-Off Black History Month
January 29, 2024Ndaba Mandela learned much from his legendary grandfather, civil rights leader Nelson Mandela. The younger Mandela will share how he is continuing his grandfather’s legacy on his own terms during an appearance at Norfolk State University on Wednesday, Jan. 31. The event, which begins at 5 p.m. at the L. Douglas Wilder Performing Arts Center on the campus of Norfolk State University, serves as the kickoff for NSU’s Black History Month commemoration and is free and open to the public.
- REGular Blog: NCUA's 2024 Supervisory Priorities - Part 2
January 26, 2024Earlier this week we posted about the NCUA's newly-released 2024 Supervisory Priorities, with a focus on what changed from 2023 to 2024. Today we are focusing on the 2024 priorities and what they might have in store for credit unions.
- Nussle to Congress: Big Box Bailout Would Hurt Small Businesses
January 26, 2024Small business owners share their concerns with the big box bailout bill in a new video message sent to Congress Wednesday from America’s Credit Unions. President/CEO Jim Nussle re-emphasized the ongoing credit union opposition to interchange legislation (S. 1838/H.R. 3881). He urged lawmakers to watch the videos and hear directly from the business owners, financial services experts, and other stakeholders who support the credit card systems in place and the protections they provide.