Virginia CUs, League meet with Gov. Youngkin on issues, economic challenges

Representatives from more than a dozen credit unions and the Virginia Credit Union League met with Gov. Glenn Youngkin and key administration officials.

Dialogue with the governor’s key policy advisors and administration officials included a host of issues: credit union growth, the future of cryptocurrency, service to underserved communities, permission for credit unions to accept municipal deposits, and the credit union difference.

Credit unions shared how they are serving their members and communities and updated the governor on the concerns shared across the financial services industry with regard to a rising interest rate environment and a challenging economy.

Virginia League President/CEO Carrie Hunt also shared credit unions’ legislative priorities as they prepare for the 2023 session of the state's General Assembly.

Youngkin also noted his interest in financial education and preparing young people to not only successfully manage their day-to-day personal finances, but to have a knowledgebase that aids them in securing sound financial futures for themselves and their families.