Like many of its small peers, Ohio HealthCare Federal Credit Union knows how expensive it can be to ensure that it is up to speed on being compliant with the litany of required regulations.
"It's tough to say how much we spend each year but it can get very costly," said Bill Butler, president/CEO of the $45 million credit union in Dublin, Ohio.
On top of the costs, Butler said meeting compliance has also taken away work hours from staff who unfortunately have to push aside some of their other duties to devote endless time to keeping up with regulatory changes.
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
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
