The cost of regulations represent 80% of credit union earnings.
Report says average cost per employee totals $523.93 per year.
LAKE BUENA VISTA, Fla. — In 2010, nine credit unions began talking about how to launch a CUSO that could help them all lower compliance costs.
Overregulation is not just choking credit unions, it is choking our economy.
The Consumer Financial Protection Bureau released the final part of its new remittance rule Aug. 7, increasing the maximum number of annual transactions that qualify for safe harbor exemption to 100.
Partnership with PolicyWorks of Des Moines, Iowa.
Ohio credit union CEO to testify to House panel on Tuesday.
Contrasting views on Dodd-Frank impact at House hearing. See what the CUs had to say in this preview from our July 25 print edition.
The debate over the fate of small credit unions continued on CUinsight’s blog last week with Henry Meier of the Credit Union Association of New York interjecting that “the days of treating your examiner as your de facto compliance officer are over.”
Northwest CU Collaboration is scheduled to be operational in the third quarter of 2012.