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Abound Survey Says CEO Confidence Up Amid Increased Regulatory Concerns
Tuesday, March 10, 2015 6:35 AM

Abound Resources, a credit union consulting firm, reported in its Insights survey that 61 percent of credit union CEOs list regulatory burden as their top concern for 2015—far outpacing the interest-rate environment, which came in at 40 percent.

The December 2014 survey captured 187 responses from credit unions ranging in asset size of up to $3 billion.

The survey also said that nearly 70 percent of respondents felt either somewhat or very optimistic—a significant increase from 37 percent in 2013 and 48 percent in 2014.

"That is not to say they are content," said Brad Smith, Abound Resources president/CEO. "Concerns about regulatory burdens have increased steadily, and they are still worried about the economy and interest rates."

Tied neck-and-neck for top financial and risk management priority are regulatory compliance requirements and fraud and information security concerns. The latter jumped to 40 percent from 25 percent in 2014.