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Dixies FCU CEO Scott Eagerton, testifying on behalf of NAFCU, describes the negative effect Dodd-Frank has had on his small credit union. Photo: NAFCU/Kevin Dietsch

Compliance costs at the $42 million Dixies FCU have increased five-fold since 2009, from about $20,000 a year to $100,000 annually. President/CEO Scott Eagerton pressed that point about his Darlington, S.C.-based cooperative to members of the House Committee on Small Business Economic Growth, Tax and Capital Access Thursday during a hearing that examined the effect Dodd-Frank has had on small lenders.

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