R-O-L-A-I-D-S spells relief. That is what Rolaids producers have said for years and their product has provided relief for millions of Americans.
For credit unions across the country relief is L-E-S-S-R-E-G-S. Anything that would lessen the regulatory burden placed on credit unions and make their jobs easier is considered relief.
The voice of credit unions has been heard. The NCUA's chairman recently announced that the board will consider granting relief in some areas that will be beneficial to credit unions. Those areas include: Greater flexibility in dealing with fixed assets, greater flexibility on member business lending to allow credit unions to make more loans and changes to bylaws for federal credit unions that will modernize and make more efficient certain aspects of how business is conducted.
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