Virginia

The number of credit unions paying penalties for late Call Reports continues to decline, but the overall amount to be paid and the median penalty rose slightly for the fourth quarter of 2014, according to data released today by NCUA.

ALEXANDRIA, Va. — Credit unions have until the end of this month to apply for the latest round of consulting assistance from NCUA.

First Community Bancshares, of Bluefield, Va., increased its profits slightly as legal costs and losses and expenses from selling foreclosed real estate declined.

At first glance Cardinal Financial in McLean, Va., blew away earnings expectations, rising 220% in the first quarter from the same time last year.

Hampton Roads Bankshares in Virginia Beach, Va., plans to merge its banks and change its name to Shore Financial.

ARLINGTON, Va. — Reports that Target is close to paying MasterCard nearly $20 million to reimburse credit unions and banks for the costs associated with the retailer's 2013 data breach is not good enough for one CU trade group.

VIENNA, Va. — Navy Federal Credit Union said it has closed a "record-breaking deal" with the Marine Corps Heritage Foundation (MCHF) on a commercial construction loan to complete the National Museum of the Marine Corps in Triangle, Va.

ALEXANDRIA, Va. — NCUA has revised its supervisory policies in order to ease the secondary capital process for low-income credit unions and investors.

ALEXANDRIA, Va. — NCUA on Wednesday said 153 low-income credit unions will receive $520,440 through the first Community Development Revolving Loan Fund grant round in 2015.

ALEXANDRIA, Va. — NCUA is touting a 49% increase in its total dollars awarded to minority- and women-owned businesses during 2014, but the agency's workforce diversity levels continue to decline.

Village Bank and Trust Financial in Midlothian, Va., has raised nearly $9 million by selling shares to existing investors.

ALEXANDRIA, Va. — NCUA is warning consumers about a new scam that mimics the agency's telephone number.

ALEXANDRIA, Va. — NCUA announced that Edward Dorris has been named chief information officer, effective immediately.

ALEXANDRIA, Va. — NCUA has filed another suit against one of the major Wall Street banks in relation to the failed corporate credit unions.

ALEXANDRIA, Va. — NCUA is concerned consumers may fall victim to a new phishing scam that mimics the regulator's name and website.

Fauquier Bankshares in Warrenton, Va., has begun a search to find its next president and chief executive.

SPRINGFIELD, Va. — The U.S. Small Business Administration signed a memorandum of understanding with NAFCU aimed at expanding American entrepreneurs better access to small-dollar business loans.

Union Bankshares in Richmond, Va., and Entegra Financial in Franklin, N.C., are rebranding their banks.

ALEXANDRIA, Va. — NCUA is seeking comment on the list of regulations it will review in 2015 as part of its three-year regulatory review process.

TowneBank in Hampton Roads, Va., reported a lower quarterly profit due to higher costs tied to its recent acquisitions.