close

Connect with us:

Login to View Full Member Content:

CURRENT Newsletter

April 29, 2016

We appreciate our loyal readers! Please send your comments and feedback to pr@vacul.org.

Headline News

News About Credit Unions 

Governmental Affairs News

Education & Networking Opportunities

News From Credit Unions

Chapter News

Headline News

Annual Meeting 2016

If you missed it, you REALLY missed out! It was wonderful to see so many of you at the 82nd League Annual Meeting in Norfolk last week. We hope you enjoyed it!

We’d appreciate your feedback if you attended the Annual Meeting...Log on tohttps://www.surveymonkey.com/r/AnnualMeeting_2016 to complete our short survey.

Here’s what you missed...

League Recognizes Kirsch, Farley Award Winners

Mary Ann Melchers, a 50-year credit union volunteer, was recognized with the League’s prestigious James P. Kirsch Lifetime Achievement Award. Currently serving as the ABNB’s Board Chairman, Mary Ann noted that service to her credit union and her fellow members became a way of life for her.

[READ MORE]

Stan Leicester, of BayPort Credit Union and a past chairman/current member of the League Board, was awarded the Eugene H. Farley Jr. Award of Excellence for his extraordinary leadership in steering the Board-appointed Task Force responsible for turning the Credit Union House of Virginia into a reality! Stan was also saluted for his recent advocacy work, including lobbying for credit union legislation in the 2015 and 2016 sessions of the General Assembly. 

[READ MORE]

Board Election Results Announced

Nine individuals have been elected to the Board of Directors for the Virginia Credit Union League. Election results were announced at the 82nd Annual Meeting of the League on April 22, in Norfolk.

Following a governance change approved by member credit unions last year, the total number of Board seats was reduced from 13 to nine, in recognition of consolidation within the system. The League has, at present, 118 affiliates.

Member credit unions elected four individuals to the four regional seats on the Board. Regional directors  elected on April 22 are:

  • Region 1 (Greater Hampton Roads): Stan Leicester (BayPort Credit Union) – term expires 2019.
  • Region 2 (Richmond-Petersburg area): Patsy Smith (Peoples Advantage Federal Credit Union) – term expires 2019.
  • Region 3 (Northern Virginia-Charlottesville-Waynesboro-Shenandoah Valley): John Beiler (Park View Federal Credit Union) – term expires 2018.
  • Region 4 (Roanoke-Lynchburg-Danville-New River Valley-Southwestern Virginia): Cliff DeMars (Blue Eagle Credit Union) – term expires 2017.

Member credit unions elected five individuals to the five At-Large seats on the Board. At-Large directors  elected on April 22 are:

  • Rose Gilliam (Argent Credit Union) – term expires 2017.
  • Paul Muse (1st Advantage Federal Credit Union) – term expires 2017.
  • Patsy Stuard (Fort Lee Federal Credit Union) – term expires 2019.
  • Joe Thomas (Fairfax County Federal Credit Union) – term expires 2018.
  • Chris Williams (Henrico Federal Credit Union) – term expires 2018.

At its reorganization meeting on April 22, the League Board elected the following Board officers:

  • Rose Gilliam (Argent Credit Union) – chairman.
  • Chris Williams (Henrico Federal Credit Union) – vice-chairman.
  • Patsy Stuard (Fort Lee Federal Credit Union) – treasurer.
  • Joe Thomas (Fairfax County Federal Credit Union) – secretary.

League, VACUPAC Honor Bowen, Anuswith as Political Action Advocates of the Year for 2015

The Virginia Credit Union League honored Nicole Bowen, of Fairfax County Federal Credit Union, and Chris Anuswith, of ABNB Federal Credit Union, with Political Action Advocate of Year Awards on April 21 at its 82nd Annual Meeting.

Chris Anuswith enthusiastically has taken on the responsibility of strengthening the advocacy program at ABNB Federal Credit Union.

He has educated himself on the issues facing credit unions, and has lobbied lawmakers and their aides on both the state and federal levels. He also volunteered on a state legislative campaign last year.

Nicole Bowen is recognized for her leadership of Fairfax County Federal Credit Union’s Virginia Credit Union Political Action Committee (VACUPAC) program. Her credit union’s fundraising efforts for VACUPAC reached a first in 2015, as the credit union earned Platinum Level honors with more than $10,000 in contributions.

[READ MORE]

CUSCVA Announces Election Results

The Credit Union Service Company of Virginia announces the following election results:

  • Mike Swalley, Dominion Credit Union – elected to 3-year term
  • Chris Shockley, Virginia Credit Union – elected to 3-year term
  • Debra Vollmer, Langley Federal Credit Union – elected to 2-year term

At its reorganizational meeting, the board voted to appoint the following:

  • Chairman – Mike Swalley, Dominion Credit Union
  • Vice Chairman – George Dudley, BayPort Credit Union
  • Secretary – Debra Vollmer, Langley Federal Credit Union
  • Treasurer – Rick Pillow, Virginia League
  • Executive VP/Assistant Treasurer – Terry Childress, Virginia League
  • Assistant Secretary – Mary Amyx, Virginia League

Foundation Golf Tournament Raises Almost $17,000

Thanks to the support of our credit unions, business partners and 90 golfers, the Credit Unions Care Foundation Charity Golf Tournament raised almost $17,000. Funds will be used to support the Foundation and its mission to aid charities, promote financial education and provide micro-grants for community projects.

Special thanks to our sponsors for making it possible!

Tournament Sponsor:

  • CUNA Mutual Group

Beverage Cart Sponsors:

  • Call Federal Credit Union
  • Freedom First Credit Union

Lunch Sponsors:

  • FirstBank Mortgage Partners
  • PSCU

Breakfast Sponsors:

  • Dominion Credit Union
  • Fairfax County Federal Credit Union
  • Langley Federal Credit Union

Prize Sponsors:

  • Celco Community Credit Union
  • Palmetto Cooperative
  • ValleyStar Credit Union
  • Virginia Credit Union Services

Hole Sponsors:

  • Beacon Credit Union
  • Bronco Federal Credit Union
  • Celco Community Credit Union
  • Deluxe
  • DuPont Community Credit Union
  • First Carolina Corporate (x2)
  • Fort Lee Federal Credit Union
  • John M Floyd & Associates
  • PSCU
  • SI Solutions
  • TransUnion Credit Bureau
  • Works24

Foundation’s Raffle-A-Rama Raises $6,528 for Food Banks

Our thanks to the credit unions, chapters and individuals that supported the Credit Unions Care Foundation’s annual Raffle-A-Rama event. Through the Raffle, we raised $6,528 for the Federation of Virginia Food Banks, our 2016 charity-of-choice.

Richmond Postal Credit Union Board Member Yvonne Baylor won our four-day/three-night cruise package, provided courtesy of our friends at Capitol Marketing Concepts. Belvoir Federal Credit Union’s Gaye DeCesare was the lucky winner of our iPad Pro.

Raffle-A-Rama Contributors:

  • AB&W Credit Union
  • Beach Municipal Federal Credit Union
  • Belvoir Federal Credit Union      
  • Blue Eagle Credit Union
  • Bronco Federal Credit Union
  • Call Federal Credit Union
  • Celco Community Credit Union
  • Central VA Chapter
  • Chesterfield Federal Credit Union
  • Danville City Employees Federal Credit Union
  • Fort Lee Federal Credit Union
  • Freedom First Credit Union
  • Gaye & Deron DeCesare
  • Healthcare Systems Federal Credit Union
  • Jackson River Community Credit Union
  • Kemba Roanoke Federal Credit Union
  • Member One Federal Credit Union
  • Mountain Empire Federal Credit Union
  • Old Dominion Credit Union                                         
  • Peoples Advantage Federal Credit Union                                                             
  • Piedmont Chapter
  • Piedmont Credit Union                                                
  • PWC Employees Credit Union - Karen Gibson                                                    
  • Richmond Postal Credit Union                                                   
  • Richmond Virginia Fire Police Credit Union                                                          
  • Southside Chapter                                                         
  • Tidewater Chapter                                         
  • URW Federal Credit Union                                          
  • UVA Community Credit Union                                                  
  • Virginia Credit Union                     

We’ll continue to accept contributions from credit unions and chapters through May 15. (Your support is greatly appreciated!) Make checks/share drafts payable to the Credit Unions Care Foundation of Virginia and forward to the attention of Mary Amyx at Credit Unions Care Foundation, PO  Box 11469, Lynchburg, 24506.

Bronco FCU Takes Top Honors for CANstruction Contest

Congratulations to Bronco Federal Credit Union on its big win in our CANstruction contest. The Credit Unions Care Foundation sponsored the CANstruction food drive in March, then asked participating credit unions to use their donated food items to create a “CANstruction” with a nautical theme. Attendees at the League Annual Meeting were given the opportunity to vote ($1 per vote) for their favorite “CANstruct.” As our winning credit union, the Foundation is donating $500 to Bronco’s local food bank/pantry, Franklin Cooperative Ministries.

Thank You, Volunteers!

Special thanks to our food bank volunteers for joining us on April 20 at the Food Bank of Southeastern Virginia and the Eastern Shore! The Credit Unions Care Foundation hosted a volunteer event as part of the League Annual Meeting. Our volunteer crew was: Deb Vollmer and Lisa Ryan (Langley Federal Credit Union), Tony Duncan (ABNB Federal Credit Union), Ginnie Riddle (BayPort Credit Union), Rick Finley (WJC Federal Credit Union) and Travis Daniels (American Income Life).

League’s Partnership With Estonian CUs Recognized by World Council

The partnership between the Virginia Credit Union League and the Estonian Union of Credit Cooperatives has received the 2016 Distinguished Service Award from the World Council of Credit Unions.

The League and the EUCC have worked together for the past eight years. Virginia’s credit union system has provided technical assistance and support to credit cooperatives operating in the Baltic republic, under the coordination of the World Council of Credit Unions (WOCCU).

In 2014, the partners announced the launch of a new software platform that enables Estonia’s credit cooperatives to link into Eastern Europe’s central banking system. This platform positions the nation’s tiny, but growing credit cooperatives to offer new services and boosts their ability to compete with the large Scandinavian banks that dominate Estonia’s marketplace.

Development of the platform required partnering with an Estonian technology company and the formation of Baltic Shared Services, a for-profit company that is promoting the software platform to credit cooperatives not only in Estonia, but in other Eastern European nations.

World Council's Distinguished Service Award (DSA) is the highest honor paid to individuals and institutions by the worldwide credit union movement. It recognizes outstanding contributions to international credit union development. The award will be presented in July at the World Credit Union Conference.

Aid Our Advocacy Efforts: Report Your Good Works Through Our Reality Check Survey!

Credit unions: Please help us showcase your good works on behalf of your members and communities by completing our Reality Check Survey. The survey covers calendar year 2015 and all we’re asking for is an overview of your short-term small loans ($3,000 or less) and your community involvement initiatives.

We use aggregate data compiled in this survey to produce our Impact Report. Our Impact Report was among the documents we provided to lawmakers during our recent Storm The Hill event.

Your participation is greatly appreciated; we cannot collect this data from any source other than you!

[COMPLETE THE 10-QUESTION SURVEY]
[DOWNLOAD THE LATEST IMPACT REPORT]

Credit Unions Asked to Forward Docs Related to Home Depot Data Breach

Credit unions: some of you have received communications from Visa, MasterCard, or your processors, about the card brand settlements with Home Depot during the last several months. As you know, your League is party to a suit brought by financial services firms and trade associations against the retailer following its huge data breach.  

Our attorneys contend that the communications to financial institutions have been confusing at best, and misleading at worst. They ask that you please forward copies.

[LEARN MORE]

Get Recognized for Your Good Works!

CUNA and your League are seeking entries for our social responsibility awards programs - Dora Maxwell, Louise Herring, and Desjardins. As you know, the entry process has moved online. You have until June 30 to submit entries. 

[LEARN MORE]

News About Credit Unions

CUNA Seeks Stories from You on How You Live the ‘CU Difference’

We are excited about another opportunity to showcase the #CUdifference at the upcomingAmerica’s Credit Union Conference in Seattle. Similar to last year at ACUC and GAC earlier this year, there will be wall art highlighting the difference credit unions are making every day.

Please share your stories capturing how your credit unions are promoting the credit union difference, creating awareness, fostering service excellence, and/or removing barriers in your community.

Stories need to be submitted to Alicia Schmitz no later than Wednesday, May 4. Be sure to include a logo or photo that is high-resolution (preferred format for images is JPEG or EPS).

Governmental Affairs News

100% for VACUPAC!

Thank you Chartway, Richmond Postal and URW Community credit unions for your commitment to Virginia’s credit unions through support of the Virginia Credit Union Political Action Committee. Here are their milestones:

  • URW Community Federal Credit Union has 100% participation at the pin level (at least $25) from board and supervisory committee members.
  • Richmond Postal has reached 100 percent VACUPAC participation at the pin level for members of its board and supervisory committee.
  • Chartway Federal Credit Union has 100% pin-level participation from board members.

Well done! Your support is very much appreciated.

Education & Networking Opportunities

Spring Compliance Conference May 11-12

Your League is pleased to announce its Spring Compliance Conference to be held May 11-12, in Richmond. 

Topics will include a review of current compliance hot topics and those on the horizon; electronic banking compliance issues; handling the death of a member; and a not-to-be-missed overview on handling demands for members’ money and information, including garnishments, subpoenas and more.  
 
View complete details and register for this important conference. Note: Conference registration deadline is May 6. Your education investment is only $150 per day per person.

Southeast Regional Directors' Conference Slated for July 10-13

Registration is now open for the 2016 Southeast Regional Directors’ Conference, July 10-13, in Pinehurst, NC. Visit www.srcus.org or download the registration packet here.

Location and Host Hotel: Embassy Suites, 2925 Emerywood Parkway, Richmond 23294.

News From Credit Unions

We Promise Foundations Receives ‘Hope Through Wishes’ Award from the Make-A-Wish Foundation of Utah

The We Promise Foundation, the charitable arm of Chartway Federal Credit Union and its divisions of HeritageWest and SouthWest Community CU’s, is proud to announce that it received a distinguished award from the Make-A-Wish Foundation of Utah during its Evening of Wishes gala: the David Bishop “Hope Through Wishes” Award.

[READ MORE]

Fort Lee Federal Credit Union’s Patsy Stuard Wins CEO of the Year

Patsy Stuard, Chief Executive Officer of Fort Lee Federal Credit Union, headquartered in Prince George, Virginia, was chosen as CEO of the Year by the National Association of Federal Credit Unions (NAFCU).

Ms. Stuard and other winners in NAFCU’s 2016 Annual Awards Competition will be honored during NAFCU’s 49th Annual Conference and Solutions Expo in Nashville, Tennessee June 14-17, 2016.

[READ MORE]

Langley Federal Credit Union Donates $5,000 to Support CHKD’s Child Abuse Assessement, Treatment Program

Langley Federal Credit Union presented a $5,000 check to support the child abuse assessment and treatment program at Children’s Hospital of The King’s Daughters (CHKD).

The program provides assessment and treatment services for children throughout greater Hampton Roads and outlying areas who are suspected of being abused and/or neglected.

[READ MORE]

Links to Freedom Receives $3,000 from Belvoir Federal, AFFN

Belvoir Federal Credit Union awarded Links to Freedom with a matching grant check of $3,000 on behalf of the credit union and the Armed Forces Financial Network (AFFN). 

Over the past two decades, AFFN has proudly supported AFFN participating Association of Military Banks of America (AMBA) Banks and Defense Credit Union Council (DCUC) Credit Unions in their mission to support the troops, their families, and the U.S. Military and Defense Communities worldwide.

[READ MORE]

CommonWealth One Shreds over 30,000 Pounds of Paper at Community Shred Day

CommonWealth One Federal Credit Union members and residents from the Alexandria and Harrisonburg, Virginia communities shredded more than 30,000 pounds of paper at the credit union’s free, semi-annual community Shred Day event on April 16.

[READ MORE]

InFirst FCU Opens New Branch in Price George

InFirst Federal Credit Union kicked off their week-long Grand Opening Celebration with a Ribbon Cutting April 11, at their 16384 Consumer Row location in King George, VA. Community leaders mentioned their appreciation for the credit union’s commitment to King George and the local economy.

[READ MORE]

Chapter News

Tidewater Chapter to Award Jack E. O’Connor Scholarships on May 12

The Tidewater Chapter will award its Jack E. O’Connor education scholarships on May 12. Deserving college-bound and continuing education students are eligible for the scholarship, if they or a family member are members of a Tidewater Chapter credit union.

Location: Greenbrier Country Club. Time: 6 p.m. social; 6:30 p.m. dinner and program. Register by May 4 for early bird pricing of $35; $40 thereafter. 

[LEARN MORE]

Tidewater Chapter Charity Golf Tournament Tees Off May 19

The Tidewater Chapter will hold its 4th Annual Charity Golf Challenge on May 19 at Sewells Point Golf Course in Norfolk. Proceeds will benefit Children’s Hospital of the King’s Daughters, our local Children’s Miracle Network Hospital.

Also, we’re happy to host credit unions from other chapter areas. Spend your day on a beautiful course and help raise funds for a wonderful cause!

Format will be four-man captain’s choice. Cost is $100 per player, which includes a continental breakfast, carts, range balls, green fees and cookout lunch. (If you have special dietary requirements, please contact us upon registering for this event.) Mulligan’s, closest to the pin, green string and raffle tickets will also be sold.

Special thanks to our friends at CO-OP Financial Services for designating our tournament as a Miracle Match event, meaning they’ll match a percentage of the funds we raise!

[LEARN MORE]

Richmond Chapter to Award Education Scholarships on May 17

The Richmond Chapter will host its annual Scholarship Awards event on May 17. Retired Virginia Credit Union CEO Jane Watkins will be the featured speaker. Location: Doubletree by Hilton Richmond-Midlothian. Time: 5:30 p.m. registration; 6 p.m. dinner.

[LEARN MORE]

Richmond Chapter Schedules May 25 Workshop

Virginia Credit Union’s DeAnna Dickerson will present a program on “Inspirational Leadership” at the Richmond Chapter’s May 25 Workshop. The program is a discussion about the attributes of Inspirational Leaders, best practices and why focus on your team is so critical to driving results.

Location: Virginia Credit Union (7500 Boulders View Drive). Time: 8:15 a.m. start. Light breakfast will be provided.

[LEARN MORE]


CURRENT Newsletter Archives

Archived Editions of the League's CURRENT Newsletter