The Board of the Alabama Credit Union Administration recently approved a series of changes to the regulations applicable to state-chartered credit unions. The regulatory changes include relaxed constraints on Credit Union Service Organizations (CUSO) and fixed asset ownership. It is important for credit union stakeholders to provide the administration with input regarding how the specific changes may affect their credit union or to at least voice their support for the administration’s efforts at reducing regulatory burdens.
You can review the request for comments here and review the amended regulations here.  If you have any questions, please contact Mike Lee.