VANCOUVER, Wash. — Small credit unions need a break from the heavy regulatory burden and the time may be ripe for "reg-lite" policies, Linda Jekel, the chairman of the National Association of Credit Union Supervisors, told Washington State executives last week.
"I've heard about such policies at OTS and so I've been planning on talking to some of their staff on how it works," said Jekel, who also is Washington State Director of Credit Unions, making reference to counterparts at the Office of Thrift Supervisors. She said she expects to contact OTS in the next 30 to 60 days.
Jekel made her comments in connection with a statewide "forum tour" on top industry issues put together by her office and the Washington Credit Union League, which opened here Feb. 5.
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