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Words of Praise for Our Regulators

One of the stated reasons for Texas Dow Employees Credit Union leaving CUNA was our disappointment with the unending vitriolic attacks on credit union regulators that seem to dominate every meeting.

By Edward Speed | Updated on July 16, 2012

One of the stated reasons for Texas Dow Employees Credit Union leaving CUNA was our disappointment with the unending vitriolic attacks on credit union regulators that seem to dominate every meeting.

My view of regulators seems to be radically different from most credit union professionals; possibly because I function in three highly regulated environments. For over 25 years, I have interacted with the NCUA and the Texas Credit Union Department. As an instrument-rated pilot, I operate under the rules of the Federal Aviation Administration. I serve my community as the chairman of a large hospital district, which has numerous powerful regulators overseeing medical care, and many that often conflict.

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