An overwhelming majority of credit unions surveyed by NAFCU expect their compliance costs to increase in 2010.

NAFCU's Flash Report reported that 83.6% of respondents said their compliance costs will probably go up, while 16.4% predicted they would stay the same. No respondents predicted a decline in compliance costs.

Credit unions that responded reported that 9% of their staff's time was spent on compliance issues. Of those, 71.2% said the amount of staff time devoted to compliance increased from 2008 to 2009, while 28.8% didn't see a significant change.

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:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.