Pennsylvania CUs and Bankers Team Up on Training
In Pennsylvania, the chasm between credit unions and small community banks looks to be getting smaller-at least where it comes to operations and training.
In a departure apparently reflecting a changed financial landscape, the Pennsylvania Credit Union Association and the state's Association of Community Bankers are making plans for pilot joint training and education sessions this fall with CU and bank sign-ups for the program slated to start March 1.
On the same wavelength, Kristine Warner, vice president of community and government relations for the 120-member Pennsylvania Association of Community Bankers, said the "past two years and what has gone down on Dodd-Frank has shown us that the big divide is no longer so much between banks and credit unions but between the big banks and smaller financial institutions."
There are too many areas, she said, where small banks and CUs share mutual interests "and should be working together."