Many credit unions are functionally no different from banks and the time has come for them to pay taxes, Florida Bankers Association President and CEO Alex Sanchez said in a Wall Street Journal op-ed yesterday.
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Bill Brooks, a certified financial planner with CU Prosper, wrote in the Credit Union Times questioning whether credit unions are achieving their mission.
Following the NFL’s decision to give up its tax-exempt status, Frank Keating calls on Congress to examine another outrageous tax exemption.
Despite a promising proposal, the National Credit Union Administration today walked back somewhat from its plan to rein in expansive fields of membership for credit unions.
In recognition of Tax Day, the Financial Education and Advocacy Initiative will run ads Wednesday spotlighting credit unions’ outdated tax exemption.