Tag Archives: credit unions

Bonus Podcast: Key Points on CRA Modernization

With less than a week before comments are due on the OCC’s August advance notice of proposed rulemaking on the Community Reinvestment Act, ABA VP Krista Shonk follows up an earlier podcast interview with tips on how to complete a comment letter and key points ABA will be making in its own letter.

Read More »

Florida Bankers’ CEO Calls on Congress to Close Credit Union Tax Loophole

As lawmakers contemplate further changes to the U.S. tax code, Florida Bankers Association President and CEO Alex Sanchez in a CNBC op-ed today made the case for closing the outdated loophole that allows large credit unions to avoid paying federal taxes, even though they effectively operate in the same manner as taxpaying banks.

Read More »

Indiana Bankers Association Op-Ed Calls for Credit Unions to Pay Their Fair Share

In an op-ed published on the Inside Indiana Business website yesterday, Indiana Bankers Association President and CEO Amber Van Til pushed back against several erroneous assertions often made by the credit union industry about the need for the credit union tax exemption, including the claim that credit unions are mostly small, humble institutions serving customers of limited means.

Read More »

ABA Urges Lawmakers to Include Military Banking Provision in Final NDAA Bill

As House and Senate lawmakers work to reconcile their versions of the FY 2019 National Defense Authorization Act, ABA -- along with the Independent Community Bankers of America and the Association of Military Banks of America -- today wrote to conference committee members urging them to include in the final bill a House provision that would level the playing field between credit unions and banks serving military bases.

Read More »