At least one government agency – the U.S. Small BusinessAdministration – has heard the message that credit unions are fedup and overwhelmed with excess regulation and compliance hinderingtheir contributions to President Obama's push on jobs.
That message was delivered Monday by a group ofOregon/Washington CEOs during a White House/SBA Roundtable Forumconducted during a closed-door, 90-minute meeting in Tacoma, Wash.,prior to the start of the inaugural annual convention of the Northwest Credit UnionAssociation.
“I know of one credit union that now has four members of itsmanagement team having to spend all of their time just on the crushof regulation, so how in the world can they be generating newbusiness or creating new jobs in the community?” asked WilliamAnderson, president/CEO of the $152 million Mid Oregon CU in Bend, Ore.
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