CEO of River Region Credit Union to testify for Congress on Regulatory Relief
JEFFERSON CITY, Mo. – Rick Nichols, president/CEO of River Region Credit Union will testify in front of the U.S. House Financial Institutions and Consumer Credit Subcommittee on Wednesday, July 12 at 2 p.m.
U.S. Representative Blaine Luetkemeyer (R-MO District 3) chairs the committee. The Heartland Credit Union Association worked with the committee to address common sense regulation and regulatory relief for the hearing, which will address a wide range of regulatory relief bills.
As one of several witnesses, Nichols’ testimony will focus on how growing regulatory burdens impact his members, as well as consumers nationwide. Watch the hearing live on July 12.
Overregulation has a $7.2 billion financial impact on credit unions nationwide, and an $85 million impact on credit unions in Missouri. Read more about common-sense regulatory relief.
Credit unions are not-for-profit financial cooperatives, owned by their members. There are 119 credit unions in Missouri and 5,891 credit unions nationwide.
The Heartland Credit Union Association is the not-for-profit trade association for credit unions in Kansas and Missouri. Through advocacy, compliance, professional development and consumer awareness, we empower credit unions to improve people’s lives. For more information, visit heartlandcua.org.