League News

The Credit Union National Association (CUNA), the National Association of Federally-Insured Credit Unions (NAFCU), and the African American Credit Union Coalition (AACUC) have released a statement on CNN’s misleading report on credit unions’ lending practices to minority and underserved communities. 

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Supporting organizations that have a meaningful impact within our communities is part of our mission of “Helping People Prosper – Helping Communities Thrive”. Freedom First Credit Union is pleased to announce the non-profit recipients of our 2023 Community Investment Grants program. Twenty non-profits located in the Roanoke, New River Valley, and Lynchburg areas received Community Investment Grants totaling $35,000.

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The Richmond Economic Development Authority (EDA) and the City of Richmond presented Virginia Credit Union (VACU) with its Outstanding Economic Development Partner award at the Second Annual Celebration of Business. The celebration was a significant event that highlighted the success of economic development initiatives over the past year and recognized the stakeholders who played a crucial role in making this success possible.

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We highlight key items of interest from the Dec. 14 NCUA Board Meeting, including the passage of the agency's 2024-2025 budget.

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From meetings with lawmakers and elected officials to engagement with regulators, your League highlights this week's advocacy work.

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League InfoSight has completed the first phase of its product combination, which brings CU PolicyPro and RecoveryPro together on a single, integrated platform! This is the first step in a larger initiative to bring InfoSight, CU PolicyPro, and RecoveryPro under a single sign-on for a seamless user experience.

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The 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.

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Credit union and League representatives met today with Virginia Lt. Gov. Winsome Earle-Sears at her Richmond office, as credit unions prepare for a busy 2024 General Assembly session. 

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ABNB 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. 

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League 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.

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