Monday, May 28, 2012

Regulatory Burden Causes Small Connecticut CU to Seek Merger

The Hartford Postal Employees Credit Union has decided that it can no longer go it alone. The credit union made the decision to find a merger partner because they don’t have the resources to stay on top of all the different regulations forthcoming from policymakers.

Read the story.


  1. Death by regulation.

  2. Unfortunately, with continued "Fair Lending" and CRA regulatory pressures I fear this will be the fate of many smaller Credit Unions and Banks.
    The days of walking into the local CU/Bank, the one your "old man" and his "old man" walked into for years, to get your first loan are coming to an end.



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