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Timberland FCU President/CEO Carrie Wood, right, speaks to subcommittee Ranking Member Jeff Merkley at the Oct. 28 hearing. Photo courtesy of CUNA.

The president/CEO of the 9,800-member, $59 million Timberland Federal Credit Union offered Congress an image of a small credit union struggling to both meet the financial needs of its predominantly rural membership and fulfill federal regulatory requirements at a Wednesday hearing.

Carrie Wood represented the Dubois, Pa.-based cooperative as part of a panel of witnesses before the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Joining Wood were two banking executives as well as an executive from a housing non-profit group.

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