SAN FRANCISCO — Loan growth, compliance concerns and the impact of interchange legislation dominated a Hot Topics open forum at the MAC 2011 Annual Conference.
Many of the attendees have been active with Connectforthecause.org, an advocacy network for credit unions by credit unions, and sending letters to legislators but faced a few challenges extending the push to members.
"I don't know if it's an apathy or ignorance of how the Durbin Amendment will not only impact their credit union or them personally, but a lot of members just don't understand the whole interchange subject," one marketer said at the Wednesday forum. "There's so much doubt surrounding whether it will be delayed or not it's hard to quantify the actual impact, so there's a wait and see in exploring other revenue streams to replace it."
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