More of the credit union CEOs tapped this month for Federal Reserve advisory panels meeting in the coming weeks spoke out Friday about issues they might raise, with debit interchange and tight mortgage conditions leading the list.
Michael L'Ecuyer, president/CEO of the $340 million Bellwether Community CU in Manchester, N.H., said he is eager to discuss "the profound impact the interchange rules will have on credit unions like mine."
Free checking "will disappear along with those rewards programs, and minimum balances will return," forecast L'Ecuyer, who said he and other CU and community bank CEOs will likely make that case before next Tuesday's meeting of the 12-member Community Depository Institution Advisory Council of the Federal Reserve Bank of Boston.
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