Dennis Fisher of the $7M First Security CU says CUNA, leagues and regulators may have regrets in taxation fight.
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.
Senate committee’s option papers termed a wakeup call by industry trades.
“If I have anything to do with it, there will not be taxation on our credit unions,” the House Financial Services chairman said.
These three articles offer an in-depth look at the beginning of the new year for Congress and credit unions.
Taxation fears are once again permeating the thoughts of credit union leaders.