Trade group also cites national data security as a pressing concern.
Sen. Tom Coburn (R-Okla.) advocates for the elimination of the CU tax exemption in a new report.
Those who advocate against FOM risk the industry's tax exemption.
Speaking at an Operation Choke Point forum, the congressman said growth pressures force credit unions to act like banks.
ABA President/CEO Frank Keating thinks credit unions are only for the very poor. He's wrong.
Dakota league campaign counters efforts by the state's bankers association to gain municipal resolutions to eliminate exemption.
Trades, consultant see possible impact as Senate Finance chair switches hands.
Municipal Credit Union volunteers show their "Don't Tax My Credit Union" colors.
Most Canadian credit union executives can't remember a time when they didn't have to pay a nominal tax on income. But in the near future, the 40-year-old credit union tax, like most taxes, will increase.
State league says entire congressional delegation voices support for credit union tax exemption.