Hopeful signs were starting to appear this week for credit unions and their regulators in a score of states gripped by revenue crises.
"All I can say is our division is in good shape and there are no reductions contemplated for our examiners," said Jerre Jay, administrator of the North Carolina Credit Union Division, after the legislature on Thursday cleared a budget bill that might have spelled eventual department reductions and eliminated its independent status in state government.
The North Carolina Credit Union League had expressed concern the independent status might be lost under the state's General Fund, but Jay stressed that all is well, noting, "We run a pretty tight ship and we've only increased our fees just a little."
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