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Latest News Posts
- League Holds Virtual Meetings with NCUA Vice Chair Hauptman; Treasury Official
November 14, 2023The League last week held virtual meetings with NCUA Vice Chairman Kyle Hauptman and Assistant Secretary of the Treasury for Financial Institutions Graham Steele. During the meetings, the League and member credit unions had the opportunity to discuss marketplace, economic and regulatory issues that impact credit unions and our members.
- Credit Union Advocates Join League in Congressional Meetings
November 14, 2023The Virginia Credit Union League held meetings today with Congresswoman Abigail Spanberger (D-7th) and the office of Congresswoman Jennifer McClellan (D-4th).
- NCUA Board to Issue Final Rule on Charitable Donation Accounts; League's Carrie Hunt to Attend Meeting
November 13, 2023The NCUA Board has announced the agenda for their November board meeting. In addition to a Quarterly Share Insurance Fund Briefing, the Board will issue a Final Rule on Charitable Donation Accounts (CDAs). The Proposed Rule on CDAs was issued earlier this year. In 2013, the NCUA Board approved the CDA rule and permitted federal credit unions to fund a CDA. This account could hold investments that were otherwise impermissible for FCUs, but the account could only be used to provide charitable contributions to qualified entities. The 2013 rule defines "qualified charity" as a charitable organization or other non-profit entity recognized as exempt from taxation under 501(c)(3) of the Internal Revenue Code.
- Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions
November 13, 2023The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2024 are subject to certain Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) requirements.
- Comments on Federal Reserve Interchange Proposal Due Feb. 12; League Will Oppose Changes to Current Interchange System
November 13, 2023The Federal Reserve published its interchange proposal Tuesday in the Federal Register with a comment deadline of Feb. 12. The Fed Board of Governors proposed the changes at its Oct. 25 meeting. Credit unions strongly oppose changes to the current interchange system and your League will voice its opposition to the Federal Reserve Board proposal.
- NCUA's Harper to Testify Before Senate, House Banking Committees
November 13, 2023The House and Senate are in Washington, D.C., and both chambers are expected to work on legislation funding the government past Nov. 17. Federal financial regulators—including NCUA Chairman Todd Harper and Fed Vice Chairman for Supervision Michael Barr—will testify before committees this week.
- Comment Period Open on Fair Hiring in Banking Proposed Rule
November 13, 2023The NCUA invites public comment on a Fair Hiring in Banking proposed rule. For more information or to submit a comment, please visit Regulations.gov. Comments must be received by January 8, 2024.
- League Celebrates Winners of 2023 Social Responsibility Awards, Outstanding CU Leaders
November 9, 2023The Virginia Credit Union League is pleased to announce the winners of its 2023 Social Responsibility & Member Service Awards. Each year, the League and the Credit Union National Association sponsor four awards competitions to recognize credit unions for their work in financial education, community service and outreach, and excellence in member service.
- League-Partner Ecority Poised to Help CUs Become Nationwide Leaders in Green Lending with $14B+ Grant Application
November 8, 2023A green-lending initiative supported by your League has formally submitted an application in pursuit of funding through the Environmental Protection Agency’s Greenhouse Gas Reduction Fund (GGRF).
- With Commitment to Service & Innovation, TruStage Remains Champion for Commonwealth's Credit Unions
November 7, 2023In today's hyper-competitive business world, you need partners you can trust. For almost 90 years, TruStage has worked tirelessly to deliver products, services and solutions that address the unique needs of credit unions and their members. Your League is proud to partner with TruStage, and while 2024 will undoubtedly hold its share of opportunities and challenges for credit unions, rest assured that TruStage and your League are always in your corner!