League News

The SAFER Banking Act, which would aid financial institutions in serving legal cannabis businesses, passed the Senate Banking Committee this morning in a 14-9 vote. Sen. Mark Warner (D-VA) voted in favor of the bill. This marks the first time the Senate has considered the legislation. An earlier version, the SAFE Banking Act, had passed the House seven times previously. The legislation went through several amendments during the markup as lawmakers wrestled with the appropriate amount of authority banking regulators should have, among other concerns.

Read More »

As federal workers across the nation anxiously await the news as to whether Congress will pass spending bills this week preventing them from being furloughed and temporarily going without paychecks, Justice Federal Credit Union stands ready to assist its’ Members.

Read More »

ValleyStar Credit Union is thrilled to announce the lucky winner of our "Scan Me, Win Me” car giveaway. After months of anticipation and thousands of entries, we are excited to reveal the proud new owner of a 2023 Toyota Camry! 

Read More »

Northern Virginia-based members of the League's Emerging Professionals Network were on site today at Reagan National Airport to welcome veterans flying into D.C. as part of an honor flight. Special thanks to these credit unions for their participation: Apple Federal Credit Union, NextMark Credit Union and Northwest Federal Credit Union.

Read More »

ABNB Federal Credit Union is proud to announce several internal staff promotions in our Digital Services department effective immediately.

Read More »

Additional information has been added to the Cybersecurity topic in the Security Channel of Virginia InfoSight for the Automated Cybersecurity Evaluation Toolbox (ACET).

Read More »

As we move closer to a federal government shutdown, your League is carefully monitoring the situation and engaging with lawmakers. We continue to make the point that a shutdown will harm credit union members, the regional economy, and credit unions themselves.

Read More »

The Senate co-sponsors of interchange legislation attempted to rev up support for the measure this week with a press conference and a show of support from small business groups. We continue to push back against efforts to move the interchange bill through ongoing engagement with our Congressional delegation and through our grassroots campaign that asks credit union supporters to write Sens. Warner and Kaine in opposition to the interchange measure.

Read More »

There’s little movement in Washington on the looming federal government shutdown. Your League identified a potential federal government shutdown as a key issue for CUs and members as we met with lawmakers during a series of Legislative Receptions across the state this summer and during our Hike The Hill events last week.

Read More »

This week a group of Senators introduced the SAFER Banking Act - a new version of the previous SAFE Banking Act. The legislation aims to improve access to financial services for cannabis businesses by creating safe harbors for financial institutions and payment processors. While marijuana is legal in many states in some form, the fact that it is still illegal at the federal level has led to some hesitancy from banks, credit unions, and payments processors to serve cannabis businesses.

Read More »