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May 25 Webinar Kicks Off CUNA Regulatory Burden Study
Tuesday, May 23, 2017 6:45 AM

Credit unions interested in participating in Credit Union National Association’s updated regulatory burden study only have a few days left to register in time for an introductory webinar scheduled for Thursday at 1 p.m. (CT).

Cornerstone encourages all credit unions to consider becoming involved in this important study. Your participation would involve completing a data collection form in the next few months that will allow us to update CUNA's estimate of total credit union regulatory costs.

The previous study found that the total financial impact of regulation in 2014 cost credit unions $7.2 billion. Using the national results, Cornerstone estimated that the cost to credit unions in the region was $597.7 million. This is powerful information we can use to convince our delegation in Congress of the vital need for regulatory reform. That's why it's so important for credit unions—for you—to consider participation.

“When we reported that regulations cost credit unions $7.2 billion in 2014, we generated a lot of attention here in Washington,” Nussle said when announcing the new study. “I'm convinced that this information, combined with the fierce advocacy of credit unions, leagues, and CUNA, is a major reason behind the improved prospect for reducing your regulatory burden in the future.”

All Cornerstone is asking for now is that you register for an introductory webinar that takes place next week, which will provide much more information on what it will take to participate. After that, you'll be able to decide whether or not to proceed. To get an invitation to the webinar, please fill out the online form.

Regulatory relief will be a primary focus while we are in Washington, DC, for Hike the Hill, June 26–28, reminds Cornerstone Chief Advocacy Officer Jim Phelps. We hope you can attend and participate. To learn more, please visit, Hike the Hill.

If you have any questions, please contact Jim Phelps at jphelps@cornerstoneleague.coop or 469-385-6481.