Home > Credit Union Philosophy > Why do credit unions deserve a credit-union specific regulator?

Question: Why do credit unions deserve a credit-union specific regulator?

Answer: The uniqueness of the credit union business requires a regulator and examiners who understand our fundamental differences from others in the financial community.

Credit unions’ performance during the past economic downturn — they continued to lend when other financial institutions refused to extend credit, and far fewer credit unions have had to close their doors — shows the resiliency and importance of the credit union model. If the NCUA folded and credit unions became regulated by the same agency responsible for banks, they might well face pressure to become more like banks in order to survive. In an effort to create efficiencies, regulators would simply start applying one set of rules to two very different businesses.
 

About Us

Network Governance
Full Staff Listing
Credit Union Chapters

Contact Us

Credit Union Jobs

Compliance

InfoSight
CU PolicyPro
Fraud Resource Center
Compliance Training Tools

 

Advocacy &
Government Relations

Advocacy
     National Programs
     State Programs

Government Relations
     Montana Government
     Federal Government Affairs

Political Action

(MCUCD)
Community Development 

Education

Conferences and Trainings
Distance Learning
Financial Literacy for Volunteers

Economics

League Service Group

Directly Provided Services
Group Benefit Trust

Communications & PR

Credit Unions in the News
President's Report
Photo Galleries
Network News
News Archive

Credit Union Directors

The Director's Job
Volunteer Recognition
Helpful Resources
The Blog "A Direct Line"

Consumers

Find a Credit Union Near You
T
ip of the Week
Topic of the Month
Reciprocal Check Cashing

Montana's Credit Unions

Credit Unions in the News
Credit Unions for Kids
Credit Union Philosophy