The community bankers who want credit unions taxed say they seek a level playing field because credit unions are so bank-like in the services they offer. These complaining banks typically are organized as S-Corporations and pay taxes the same as credit unions. If it is so advantageous to be a credit union, why is a large credit union like DFCU Financial converting to a bank? Dean Wickstrom President REAL Financial CU Minneapolis, Minn.
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From the January-11, 2006 issue of Credit Union Times Magazine • Subscribe!
Do Banks Really Think Grass is Greener on CU Side?
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