More Virginia Credit Union League Information
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. This resulted in 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. The three areas are Advocacy, Compliance and Education and 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.
For the first time in the storied history, the League will have a permanent presence close to state and federal legislators, regulators and the majority of our credit unions with an office and event space in Richmond, VA.
This is a testament to the strength of not-for-profit, member-owned financial institutions in the commonwealth and highlights our good work on behalf of the almost 8 million member-owners worldwide who are served by Virginia-based credit unions.
108 N 8th Street,
Richmond, VA 23219