Virginia Credit Union League



Post Office Box 11469
Lynchburg, VA
24506-1469
webWebsite
Email
phone434-237-9600

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Description


"The financial crisis and recession of 2008-2009 brought incredible change to the credit union landscape. While the credit union system weathered the recession better than other financial institutions, the costs associated with the stabilization fund for the corporate credit union system and an ever-increasing regulatory burden posed significant challenges. The League refocused its mission, deploying its resources to better address credit unions' needs in three key areas: Advocacy, Compliance and Education/Profession Development. In partnership with the Credit Union National Association and our fellow Leagues, we continue to fight for lessening credit unions' regulatory burden, protection of credit unions' tax exemption and enhancements for the credit union charter. We also continue to provide needed expertise to credit union on the laws and regulations governing their operations."


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