West Virginia Credit Union League
At the state and federal level, the West Virginia Credit Union League represents credit unions’ interests before members of Congress. Regulations impacting credit unions are monitored closely. Preserving the credit union tax exemption has been a key priority of the League each and every year. In fact, the latest estimates show that credit unions saved a total of $3.6 million dollars in federal income tax (annualized) based on NCUA call report data.
Education and Training
Each year, a full calendar of educational opportunities, which includes audio conferences, in-person conferences, webinars, and roundtable discussions, is developed by the League for credit union staff, management and volunteers. League staff attend credit union chapter meetings and activities throughout the state, providing League news, updates, and educational programs. Scholarships are also provided by the League Foundation to state and national conferences including CUNA Management School.
League staff provide timely information on technical and compliance topics affecting credit unions through compliance workshops, credit union visits, and inquiries by telephone and e-mail. A compliance resource library is maintained at the League office. League staff stands ready to assist credit unions in need of regulatory compliance matters.
Operational and Technical Assistance
The League stays in direct contact with credit unions throughout the state by visits from League Field Consultants. Consultants provide solutions to operational problems, accounting procedures, interpretation of regulations, policy development and technology issues. Credit unions of all sizes benefit from the expertise and knowledge that League Field Consultants have to share.
Keeping the public informed through various news media outlets on matters affecting the financial well being of credit unions, involves a daily communications effort by your League. Part of the public relations/media relations mix involves monitoring news while responding to inquiries from trade and general media outlets. Through these efforts, the League is tasked with shaping the public’s image of credit unions as cooperatively owned and democratically controlled financial cooperatives. With a rich history in serving people from all walks of life in a safe and sound manner, credit unions have a compelling story to tell and your League believes it is worth telling often.
The WV Credit Union Foundation, directed by the League Board of Directors, is a charitable arm managed by the League for regional or national crisis of impact to the credit union movement. It also funds annual scholarships to CUNA sponsored schools and conferences. Chapter sponsored charities and the Credit Unions for Kids project have benefited from League sponsored activities.