League News

Vizo Financial and its payments CUSO, MY CU Services, began onboarding credit unions on the Federal Reserve’s FedNow® Service in December 2023. Vizo Financial is certified to offer settlement for the FedNow® Service instant payments, as well as provide instant payments receiving capabilities for credit unions. Both services are available through the Corporate’s online platform, which acts as an all-in-one source for credit union instant payments.

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Following credit union and League advocacy efforts, Rep. Rob Wittman (R-1st) 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 18 House members in a show of bipartisan support.

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BayPort Credit Union is excited to announce the promotion of Ira Williams and Shelley Winegrad. Williams has been named Chief Retail Officer and Winegrad has been named Vice President of Human Resources.

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"We look forward to having credit union advocates join us on the 18th in Richmond!" says the League’s Chief Advocacy Officer JT Blau. "Credit Union Day is a unique opportunity to highlight the 'Credit Union Difference' and educate lawmakers about what makes us the best choice for financial services for millions of Virginians."

Here are things to know for Credit Union Day!

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The Honorable Tanya Otsuka became the 25th Board Member of the National Credit Union Administration following a private swearing-in ceremony held at the agency’s Alexandria, Virginia, headquarters today. "The Virginia Credit Union League congratulates Ms. Otsuka and looks forward to working with her as a member of the NCUA board to ensure credit unions have the tools they need to serve members," said League President/CEO Carrie Hunt. "We are excited to see her bring her talents to the credit union industry."

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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has started to accept beneficial ownership information reports, in accordance with the Corporate Transparency Act. Your League recently published a blog post covering credit union compliance issues related to BOI.

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League President/CEO Carrie Hunt assisted in leading an effort today to help secure funding from the Environmental Protection Agency for green-lending initiatives at Virginia-based credit unions, as well as nationally.

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The merger of CUNA and NAFCU culminates next week with the official launch of America’s Credit Unions. This transformation is to provide the credit union industry with a stronger and more responsive voice on the national stage. League President/CEO Carrie Hunt will be departing the League to serve as the Chief Advocacy Officer for America's Credit Unions, effective March 1.

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Your League this week submitted comments on NCUA's proposed amendments for regulations governing share insurance coverage.

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At TruStage, we’ve been a proud partner with credit unions ... for nearly a century, and we’ll continue to be there for you. We’ve got a workforce that’s passionate about helping you and your members succeed. We walk alongside you in the commitment to build a more inclusive financial system and for the cause of betterment within our communities.

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