How Large Credit Unions Are Failing to Meet Their Mission, and How Congress Can Fix It
Given their extraordinary and unnecessary tax benefit, large credit unions should be held accountable for meeting the needs of the ...
Tag: Credit unions
ABA Launches Ads Calling for End to Large CU Tax Exemption
As part of its ongoing efforts to educate policymakers and the public about large credit unions’ abuse of their tax ...
National Taxpayers Union Calls on Lawmakers to Revisit CU Tax Exemption
Congress should focus its attention in 2020 on the tax treatment of large, bank-like credit unions and reconsider the merit ...
Blocked Sale of Colorado Bank to CU ‘Good Public Policy,’ CBA Says
In an op-ed today, Colorado Bankers Association CEO Don Childears called a recent decision by the Colorado State Banking Board ...
NCUA Proposals Would Allow CUs to Issue Sub-Debt, Facilitate Bank Purchases
The National Credit Union Administration today issued two proposals with significant and troublesome implications for taxpayers.
Stewart Op-Ed Highlights ‘Disturbing’ Trend of Credit Unions Buying Banks
In an American Banker op-ed today, American Bankers Association Chair Laurie Stewart called attention to the “disturbing trend” of large, ...
Matchmaker, Matchmaker: The 2020 M&A Outlook
With several serial acquirers out of the market, scarcer targets for purchase and non-traditional deals on the rise, expect banks ...
Colorado Banking Regulator Denies Community Bank Acquisition by Credit Union
The Colorado State Banking Board today denied the sale of a Colorado community bank to one of the state’s largest ...
ABA Pushes Back Against ‘Seriously Flawed’ CU Field of Membership Amendments
In a letter to the National Credit Union Administration today, the American Bankers Association reiterated its strong opposition to two ...
WSJ Article Examines Mission Creep, Rising Risk Among Credit Unions
Tax-exempt credit unions—which have seen significant growth in the years since the financial crisis—are increasingly “using their newfound financial heft ...
