Credit union trades have a busy morning on Capitol Hill, with important hearings in both the House and Senate.
The House Financial Institutions Subcommittee will source two credit union executives for its hearing on the impact of growing regulatory burdens on small institutions. Ed Templeton, president/CEO of the $630 million SRP FCU in North Augusta, S.C., and Terry West, president/CEO of the $4.7 billion VyStar CU in Jacksonville, Fla., will testify on behalf of NAFCU and CUNA respectively.
The hearing, scheduled for 10 a.m. in the Rayburn building, is of particular importance because Subcommittee chair Rep. Shelley Moore Capito (R-W.Va.) and the panel's ranking member Rep. Carolyn Maloney (D-N.Y.) co-authored HR 3461, the Financial Institutions Examination Fairness and Reform Act, which is supported by both trade organizations.
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