As Congress and the Trump administration continue negotiations over tax reform, they should address the tax-exempt status of the credit union industry, a prominent economist wrote in U.S. News and World Report today.

The National Credit Union Administration, filed a reply brief yesterday in the ABA-initiated case challenging NCUA’s final rule to expand credit union fields of membership far beyond the limitations imposed by Congress.

ABA filed a combined brief yesterday opposing NCUA’s cross-motion for summary judgment and reinforcing the association’s own motion for summary judgment in the lawsuit challenging NCUA’s final rule expanding credit union fields of membership.

The Independent Community Bankers of America and 51 state bankers associations have filed friend-of-the-court briefs in support of ABA’s lawsuit challenging the National Credit Union Administration’s expansive field of membership final rule.

ABA today filed a motion for summary judgment in its case challenging the National Credit Union Administration’s final rule expanding community-based credit union fields of membership far beyond the limitations imposed by Congress.

ABA today wrote to the National Credit Union Administration opposing NCUA’s advanced notice of proposed rulemaking to extend the types of investment capital that federally insured credit unions could use to meet certain regulatory requirements.

Small business performance and financing success rates dipped slightly in 2016, according to the latest Small Business Credit Survey released today.

The National Credit Union Administration today published an advanced notice of proposed rulemaking to expand the types of investment capital that federally insured credit unions could use to meet certain regulatory requirements.

According to an annual report by the congressional Joint Committee on Taxation, the subsidy to the credit union industry will cost taxpayers $14.4 billion over the five years from 2016 to 2020.

By Dawn Causey, Thomas Pinder and Andrew Doersam There they go again! 
In the famous words of former President Reagan, the National Credit Union Administration is once again reprising its cheerleading role for the credit union industry and ignoring the tenets of the Federal Credit Union Act that justify the credit union tax exemption. And, once again, ABA has filed ...