Gov. Glenn Youngkin yesterday signed credit unions’ virtual currency custody services bill into law, making Virginia among the first states to codify such authority for credit unions.
“The virtual asset marketplace is growing, and members of the public crave the peace of mind that comes with having a trusted partner, like their credit union, serve as custodian for those assets,” said Virginia Credit Union League President/CEO Carrie Hunt.
League President/CEO Carrie Hunt today joined her fellow League presidents and CUNA staff on a call with Graham Steele, Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. Asst. Secy Steele and the Biden Administration are gathering feedback from the Leagues about deposit outflows/inflows at member credit unions, as well as what we’ve heard from credit unions related to questions and concerns about the health of the banking sector.
The payments industry is constantly changing. Join your League and Fiserv on April 20 for an interactive Payments Workshop to learn how payments are the path to member engagement. Explore solutions that can help you mitigate risk, grow your business, and offer the cash and digital payment options consumers demand.
Related: Federal Reserve Announces July Launch for FedNow Service
Credit unions with less than $50 million in assets: Are you interested in attending IGNITE | the League Annual Meeting, but you need financial assistance to cover costs? We may be able to help! Last year, the generous contributions of business partners helped provide scholarships for smaller CUs to attend IGNITE. If you’re interested in attending but need financial aid, please contact your League’s Mary Amyx at firstname.lastname@example.org.
This webinar is a great opportunity for smaller credit unions (less than $300 million in asset size) to learn more about AI and how utilizing machine learning can improve efficiency and fair lending to their members!
Northwest Federal Credit Union’s Raquel Crossley (Talent Acquisition & DEIA Manager) and Olivia Fraser (Senior Talent Acquisition Specialist) will provide advice, tools and tips for successful interviews, including preparation and tackling tough questions.