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Latest News Posts
- League Files Comment Letter on Proposed Changes to NCUA's Operating Fee Methodology
September 5, 2023Your League today filed a comment letter with NCUA on the agency’s Operating Fee Schedule Methodology. The NCUA Board is requesting comment on proposed changes to the methodology it uses to determine how it apportions operating fees charged to federal credit unions (FCUs).
- Chartway Welcomes Melissa Stratton Moffa, Chief Legal Officer
September 5, 2023Chartway Credit Union is pleased to announce the expansion of its executive team, welcoming its new chief legal officer, Melissa Stratton Moffa.
- ABNB Opens New Wards Corner Branch
September 5, 2023ABNB Federal Credit Union announces the grand opening of its new full-service branch in the Wards Corner neighborhood in Norfolk. Located at 129 West Little Creek Road in Norfolk, the branch has drive-thru teller service and an onsite ATM.
- CURRENT Newsletter | September 5, 2023
September 5, 2023News and Notes for and about Virginia's Credit Unions. In today's edition: League Files Comment Letter on Proposed Changes to NCUA's Operating Fee Methodology; League Compliance Roundtable (Sept. 6; Still Time to Register); EMERGE Seminar; and GROWTH Conference.
- CommonWealth One Federal Credit Union Received Two First Place Awards from the Virginia Credit Union League
September 5, 2023CommonWealth One Federal Credit Union (CommonWealth One) received two first-place awards from the Virginia Credit Union League (VACUL) for the impact the credit union is making in the community.
- CURRENT Newsletter | September 1, 2023
September 1, 2023 - Regulatory Compliance Weekly Roundup: Sept. 1, 2023
September 1, 2023Let's take a look at some of the highlights of the week in regulatory compliance, including NCUA Chairman Todd Harper's latest call for third-party examination authority for the NCUA, actions by CFPB and an IRS memo on federal credit unions' eligibility to claim the Employee Retention Credit.
- CURRENT Newsletter | September 1, 2023
September 1, 2023News and Notes for and about Virginia's Credit Unions. In today's edition: NoVA Legislative Reception; Reg Compliance Weekly Roundup; ERC Eligibility for FCUs; League Compliance Roundtable; GROWTH Conference; and the upcoming EMERGE Seminar.
- IRS Weighs In on FCU Eligibility for the ERC
August 31, 2023In the last couple years, many credit unions have been exploring whether they were eligible to claim the Employee Retention Credit (ERC) that was part of the CARES Act. This law made credits available for eligible employers whose operations were fully or partially suspended due to orders from the government. Credit unions, auditors, and third party vendors began parsing through the limitations and restrictions of the legislation and guidance.
- CUs, League Host 15 Lawmakers, Candidates at NoVA-Area Legislative Reception
August 31, 2023Credit unions and the League continued a successful series of statewide Legislative Receptions last night with an event in northern Virginia that drew 50 credit union advocates and 15 elected officials and candidates from across the region.