Arizona may have a new regulatory team to deal with banks and credit unions but the state has also had to face down a daunting budget crisis, which CU executives claim is hindering the examination process.
The Credit Union Division of the Arizona Department of Financial Institutions has two examiners "or one and a half" as one exec put it, in handling 26 state charters, a number of which have undergone financial stress during the state's deep recession.
Named April 5 as the new superintendent of banking and head of the department is Lauren W. Kingry, a former banker with 39 years in the commercial field who was called in last year to help out a struggling Mesa bank, which eventually failed last December
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