Credit union trades have a busy morning on Capitol Hill, withimportant hearings in both the House and Senate.
The House Financial Institutions Subcommittee will source twocredit union executives for its hearing on the impact of growingregulatory burdens on small institutions. Ed Templeton, president/CEO of the $630 million SRP FCU in NorthAugusta, S.C., and Terry West, president/CEO of the $4.7 billion VyStar CU inJacksonville, Fla., will testify on behalf of NAFCU and CUNArespectively.
The hearing, scheduled for 10 a.m. in the Rayburn building, isof particular importance because Subcommittee chair Rep. ShelleyMoore Capito (R-W.Va.) and the panel's ranking member Rep. CarolynMaloney (D-N.Y.) co-authored HR 3461, the Financial Institutions Examination Fairness andReform Act, which is supported by both trade organizations.
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