What can credit unions learn from regulators? (Part 2)

The credit union regulatory environment is intended to provide safety and soundness to a movement that has nearly $2 trillion in assets and more than 125 million member-owners. For credit union leaders, compliance is a fact of life. So, too, is working with the regulators and examiners responsible for ensuring said compliance.

With good reason many former examiners now work as senior credit union executives, bringing with them connections, inside knowledge, and an understanding of what the regulator is trying to achieve. These leaders appreciate the movement’s ability to make a difference in the lives of members within its regulatory boundaries, and they have a lot to say about their experience on both sides of the table.

Dennis Bauer, CFO, Ideal Credit Union

Dennis Bauer worked for the NCUA from 1986 to 1992. His last position there was as a problem case officer. He has been the chief financial officer at Ideal Credit Union ($895.5M, Woodbury, MN) for 29 years.

 

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