League News Releases
- Déjà vu All Over Again: Incoming Proposed Rule on Incentive Compensation
May 6, 2024A few weeks ago, several media outlets began reporting that banking regulators were preparing to re-attempt a rulemaking on incentive compensation. The rulemaking - an outstanding requirement of the 2010 Dodd-Frank Act - had been previously attempted twice but never made it to a final rule. Late last week, a financial regulation newsletter account posted on X/Twitter that the proposed rulemaking could be coming this week.
- The Automation Shift: How AI is Reshaping Entry-Level Finance Jobs
April 25, 2024AI is significantly transforming the financial industry, particularly affecting entry-level positions at major institutions. Here's a balanced look at the evolution of entry-level jobs due to AI, aimed at helping credit unions navigate this technological advance.
- The Job Growth Paradox: Strong Numbers Hide Struggles of Small Businesses
April 25, 2024While overall employment figures show robust job growth, the National Federation of Independent Business (NFIB) has unveiled a contrasting scenario for small businesses. Virginia's credit unions can help local businesses overcome hiring challenges and contribute to a resilient local economy and legislative landscape.
- Trend Analysis: Credit Union Loan Activity in Recent Months
April 25, 2024In Q4 of 2023, we observed significant trends in the loan activities of credit unions based on the NCUA Quarterly Credit Union Data Summary for Q4 2023 and VACUL’s Credit Union Profile for Q4 2023. These reports highlight the ongoing developments and challenges within the credit union sector, providing a clear picture of both national and Virginia-specific dynamics.
- Virginia’s Credit Unions Continue to Be THE Place to Work
April 25, 2024Credit unions across the country are frequently lauded as exemplary workplaces. Virginia’s credit unions, in particular, are prominent on these lists, showcasing their dedication to employee satisfaction and organizational excellence. At the heart of credit union success is a culture that deeply values the voices and contributions of its employees, offering competitive rewards, meaningful work, and a steadfast commitment to personal and professional growth.
- The Risks and Challenges of Gaming Platforms: A Guide for Credit Unions
April 18, 2024Gaming platforms have evolved far beyond their origins as mere venues for entertainment; they now function similarly to complex payment systems. Recent findings from the Consumer Protection and Payments Branch (CPPB) highlight a concerning increase in scams and theft within these platforms, emphasizing the need for vigilance and awareness. For credit unions, understanding the complexities and potential risks of these platforms is vital to protect both members and the institution itself.
- Virginia Credit Union League Champions Community at Cherry Blossom Race
April 11, 2024This past weekend, the Virginia Credit Union League (VACUL) staff and credit union volunteers from around the state and country demonstrated their unwavering commitment to community and philanthropy at the Credit Union Cherry Blossom Race in Washington, D.C. This distinguished event, which includes a 5K and 10-mile race, isn't just a test of endurance; it's a significant fundraiser for Children's Miracle Network Hospitals. Read all about it here!
- Governor Youngkin Signs SB436, Your League In Attendance
April 10, 2024Virginia Credit Union League Interim President/CEO Karima Freeman had the opportunity to meet with Governor Youngkin today at the Lynchburg Regional Business Alliance, where he signed SB436. The meeting was attended by local legislators including Senators David Suetterlein (R-04) and Mark Peake (R-08), Delegates Wendell Walker (R-52) and Eric Zehr (R-51), former Delegate Kathy Byron, as well as many employers. The event was hosted by Megan Lucas, the CEO and Chief Economic Development Officer of the LRBA.
- A Toast to Excellence: Recognizing JT Blau and CeJae Vtipilson’s AACUL Appointments
April 4, 2024Your League is delighted to share the news of JT Blau and CeJae Vtipilson’s recent appointments to the AACUL Strategy Work Groups. As these work groups kick off their initiatives this April, JT and CeJae are set to bring their specialized knowledge to the forefront of credit union advocacy and strategy.
- League Announces Staffing Updates
March 21, 2024Your League is today announcing a number of staffing updates.