Paul Gentile, CUNA’s executive vice president of communications, told Credit Union Times he is excited about becoming the president of the Massachusetts Credit Union League at a time when credit unions are using more resources than ever to comply with federal regulations.
In his new role, announced on Friday, Gentile will also serve as president of the New Hampshire Credit Union League and the Credit Union Association of Rhode Island. He takes on the new position effective January 6, 2014.
“It’s a great opportunity to go there and provide leadership on the advocacy front. It’s a very important time for credit unions right now. There are a lot of changes going on in a number of areas on the regulatory front, on the legislative front; consumers are finally waking up to credit unions so this is really a great time to be involved in the system. I love the league system and I think it’s a great opportunity to lead. I’m excited about it,” said Gentile on Friday.
“There’s a lot of new regs and credit unions are spending more time and resources than ever complying with them and you don’t want to get to the tipping point where they are spending more money on that than they are serving their members,” he added.
Gentile said his new role gives him an opportunity to speak directly with member credit unions, which is the best way to find out what they are dealing with on the exam level.
“I mean that’s the best way to stay in touch with the regulatory burden. So, I’ll be doing that intensely in Massachusetts, Rhode Island and New Hampshire, talking to our members about where the regulatory burdens are,” he said.
Gentile declined to comment on the process he went through for the position.