The budget shortfalls harshly affecting a number of state governments over the past two years seem, for the most part, to have spared credit union regulation any sharp impairment. But the issue remains high on the industry's radar for 2011.
Even in places like Arizona and Ohio, where examiner concerns were an issue earlier this year, conditions have improved with additional staff added.
"I'm not entirely sure why it happened, but the department has brought in an additional examiner. I was told it is because the department was saddled with regulating mortgage brokers, too," said Steve Dunham, former chairman of the Arizona Credit Union League in commenting on the status of the state's Credit Union Division.
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