One of the stated reasons for Texas Dow Employees Credit Union leaving CUNA was ourdisappointment with the unending vitriolic attacks on credit unionregulators that seem to dominate every meeting.

My view of regulators seems to be radically different from most creditunion professionals; possibly because I function in three highlyregulated environments. For over 25 years, I have interacted withthe NCUA and the Texas Credit Union Department. As aninstrument-rated pilot, I operate under the rules of the FederalAviation Administration. I serve my community as the chairman of alarge hospital district, which has numerous powerful regulatorsoverseeing medical care, and many that often conflict.

Compared with those other regulators, our credit unionregulators are highly responsive, understanding, flexible andalmost positively benign.

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