NASHVILLE, Tenn. — Compliance, collaboration and recruitment are just a few of the top concerns for leaders of credit unions under $75 million.

During the Small Credit Union Roundtable during NAFCU's annual conference this week at the Gaylord Opryland Resort attendees shared that regulatory pressures has been the greatest challenge.

“We were looking into putting a courtesy pay program then realized the Consumer Financial Protection Bureau is looking into it, so I'm not going to waste my time,” said Patty Dawson, president/CEO of the $29.4 million Taylor Model Basin Federal Credit Union in Bethesda, Md., who moderated the roundtable event. “This corporate stabilization is killing us. I didn't belong to a corporate credit union, yet I'm paying for it.”

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Credit Union Management
Regulatory & Compliance