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Washington
CUs voice heard through CUNA Dahlstrom tells Spokane paper
WASHINGTON (3/30/10)--Speaking in an interview published in the March 26 edition of the Spokane Journal of Business, Spokane Teachers CU President/CEO Steve Dahlstrom described the Credit Union National Association's (CUNA’s) role as a voice for credit unions, particularly the small cooperatives that comprise the “bulk” of CUNA’s membership. Dahlstrom recently began a term on the CUNA board of directors. One significant area where CUNA’s work has stood out is the ongoing battle over interchange fees, and, according to Dahlstrom, CUNA has the ability to oppose large retailers in Congress, a task that credit unions themselves could not take on. CUNA also provides much needed feedback to the National Credit Union Administration (NCUA) and other financial regulators and “helps its members interpret and implement regulations” and “ensure compliance,” Dahlstrom said. Dahlstrom in the interview also cited CUNA’s role in ensuring that credit unions “could spread out over several years the special assessments they're required to pay to restore to fiscal health the National Credit Union Insurance Fund, rather than having to make far bigger single lump payments, as was originally mulled by members of Congress.” Other focal points for CUNA and, now, for Dahlstrom, include potential changes to member business lending rules for credit unions, new credit card rules, and high-level changes to the way that corporate credit unions are structured and governed. Dahlstrom also gave his own opinion as a credit union leader in the interview, calling on the NCUA to simplify required account disclosures “so people can understand what it is they are reading more easily.” "We've erred on the side of disclosure to the point where it's hard to do what you want to do," he added. Dahlstrom's term on the board will run through CUNA's 2012 Annual General Meeting.


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