Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In a confirmation of what credit union executives have suspected, the cost of regulatory compliance increased drastically between 2010 and 2014, according to a CUNA-commissioned report from Cornerstone Advisors.

In 2014, the regulatory cost reached 54 basis points of assets — an increase of 15 basis points since 2010. Translated, that means that regulatory costs for credit unions were $1.7 billion more than they would have been without the changes made between 2010 and 2014 — a period that includes enactment of the Dodd-Frank Act.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

David Baumann


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.