The bill also requires credit unions to provide written justification for why they are denying a person or business financial services.

"After such a considerable investment of time and money, it is reasonable to ask when this initiative will finally come to fruition."

The tally of one new charter last year and two planned for this year is "quite frankly, unacceptable," Hood says.

Harper says there are cases where examiners found weaknesses in credit union compliance management systems.

Chopra does not address whether the CFPB should be governed by a single director or commission, as credit union groups want.

Credit union leaders should expect some changes as confirmation hearings begin for a possible new head of the CFPB.

NAFCU's Curt Long believes the dip below 1.30% is deceptive since it doesn't consider forthcoming CU capitalization deposits.

NAFCU and CUNA send letters asking Congress to support the needs of small businesses around the country.