According to a study commissioned by the Credit Union National Association (CUNA), credit unions’ regulatory costs have increased by $1.7 billion since 2010. In that span, CUs have seen a 91 percent increase in staff time spent on regulatory activities. That’s something that credit union CEOs are paying attention to.
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Both ideas aimed to fill a need for credit unions. Our “best” idea seemed more glamorous. Describing it to colleagues who work for and with credit unions elicited oohs and ahhs. On a good day, I could imagine it changing the industry.
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