When Donald Trump takes office for the second time on Jan. 20, he will be entering the White House having won one of the most significant, decisive, albeit narrow, victories in American history. Not only did he win every contested state, Republicans took control of the Senate and, remarkably, held on to the House of Representatives. Regardless of who you voted for, as a former president once said, “elections have consequences,” and this one might be one of the most consequential.

If you work with or volunteer at a credit union, you have an obligation to understand how this may impact the credit union industry as a whole and your credit union in particular. Even if you disdain politics, credit unions are the most heavily regulated financial industries in the country and an appreciation for the ebb and flow of the regulatory and legal environment as they operate is an important component of credit union leadership. If you haven’t started ruminating already, here are some thoughts about the changes we will see in the coming months. Here goes: