The chart above shows the number of U.S. FDIC-insured institutions (pink), credit unions (yellow) and all institutions over the past decade. Data source: Continuity

With apologies to Benjamin Franklin, death, taxes and government regulations are the only things in this world that can be said to be certain. But Pam Perdue believes that the rapidly growing regulatory burden being shouldered by community financial institutions may be taxing credit unions to death, or at least driving some of them out of business.

Perdue, the executive vice president of regulatory compliance for Continuity, a New Haven, Conn.-based provider of automated compliance solutions, closely watches the regulatory climate for both credit unions and community banks. In her mind, the idea that credit unions are being regulated out of business is a foregone conclusion.

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