The past week was exciting and rewarding as credit union executives and other industry professionals responded to my opinions about overdrafts. The purpose of an editor’s column isn’t to rah-rah the industry each week or to convince readers to see things a certain way. Rather, it’s to spur dialogue and debate on uncomfortable topics.

Judging from the response, overdrafts and their fees are very uncomfortable topics for credit unions.

I’ve learned a lot about overdrafts and the challenges credit unions face in processing transactions while maintaining compliance with alphabet soup regulations. I especially enjoyed hearing from Ellen Drollette, CEO of the $6 million GP Community FCU in Plattsburgh, N.Y. Her insight into the challenges small credit unions face was particularly valuable.

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