The regulatory burden has a price tag--so far--of $56 per credit union member in Georgia, according to a study commissioned by CUNA and cited by Georgia Credit Union Affiliates in a recent Atlantic Business Chronicle article.
Credit Union Association of the Dakotas President/CEO Jeff Olson detailed the negative impact regulatory burden has had on the states’ credit unions and their more than 470,000 members in op-eds appearing in North Dakota and South Dakota newspapers this week.
ALBUQUERQUE, N.M. (3/31/16)--After publishing an article about the increasing regulatory burden on credit unions, the Albuquerque Journal followed it up with an editorial that supported credit unions’ concerns.
ALBUQUERQUE, N.M. (3/29/16)--New Mexico residents learned about the effect the Dodd-Frank Act and its regulatory regime are having on the state’s credit unions in a Monday article in the Albuquerque Journal.
CHARLOTTESVILLE, Va. (3/2/16)--In an interview with S&P Global Market Intelligence, Alabama CU CEO Steve Swofford detailed the effects of increased regulation on the Tuscaloosa, Ala.-based credit union.
With CUNA’s Bank Secrecy Act Conference, hosted in conjunction with the National Association of State Credit Union Supervisors, coming up next month, CUNA’s compliance staff went into detail of the NCUA’s BSA compliance program in a recent CompBlog entry.
President Barack Obama sent greetings Thursday to those celebrating International Credit Union Day. CUNA worked closely with the White House on the statement, and a number of credit union-friendly legislators also weighed in with the White House.
The NCUA’s Tuesday announcement that it will repay the U.S. Treasury in full is a good sign for credit unions, said CUNA Chief Policy Officer Bill Hampel. The agency will repay the $1 billion outstanding balance before Oct. 31.