...because of regulatory concerns
Part one in a series about the value of League membership
One of credit unions’ top concerns is preserving a regulatory environment that protects members without inhibiting credit unions’ ability to deliver services and grow.
Your League monitors both state and federal
rules and regulations from when they’re first proposed through
their implementation, using input from credit unions to shape the
specific requirements credit unions must follow under the law. Together we accomplished a lot on the regulatory front in
2012. For example, we:
"It's more necessary than ever that we remain
vigilant to minimize credit unions' regulatory burden by working
together through The League to provide regulators front-end input. They
need our practical insights to help them recognize how hard credit
unions are working for their members and how much of a toll increased
regulation takes," said Jo Whiting, The League's Executive Vice
President/Chief Advocacy Officer.
"Our input has grown in importance as regulators have felt greater pressure to ensure the soundness of financial institutions – but at the same time they have added substantial regulatory burdens that can undermine credit unions’ ability to serve their members. When we speak together, we have a much better opportunity to be heard."
Watch League News for more about what we have accomplished together in 2012 as a united League. Our entire article series is being archived as it unfolds at www.theleague.coop/membershipmatters.
©2005 Wisconsin Credit Union League. All rights reserved.