The time and resources small CUs dedicate to compliance ultimately comes out of members’ pockets.

'In the current regulatory environment, one of the biggest challenges credit unions face is, "How do we keep up? How do we stay on top of things?"'

The increasing depth and breadth of regulatory compliance has put a strain on all aspects of credit union operations, says David Reed, a partner at Reed & Jolly PLLC.

'People are really making a difference this year, like never before,' says CUNA President/CEO Jim Nussle.