Wisconsin Credit Union League harshly critical of measure in budget bill that bankers say eases path for credit unions to become banks.
Badger State legislative panel inserted banker-pushed measure into budget bill without public hearings or debate.
Wisconsin's new Republican governor, Scott Walker, promoted Ginger Larson, supervisor in the Office of Credit Unions, to director of the division on Monday.
Credit unions have benefited lower income and families especially, according to the Wisconsin Credit Union League.
Members of credit unions that participate in the National Credit Union Foundation's Real Solutions program save $200 million per year nationwide, according to the Wisconsin Credit Union League.
A report from an economic advisory panel to the Obama Administration broke into the usual late summer political doldrums last week and returned credit unions to the perennial tax debate again.
The Wisconsin Credit Union League is once again calling out bankers, this time on their claims that credit unions are not doing enough to serve the underserved.
The report from President Obama's Economic Recovery Advisory Board that mentioned taxing credit unions has sparked a flare up in the ongoing fight between banks and credit unions in Wisconsin.
The Wisconsin Bankers Association's claim that credit unions are not doing enough to serve the underserved is a "shameful" attempt to deflect from business lending efforts, the Wisconsin Credit Union League said.
The banking industry's push to stonewall attempts to attach an amendment to a bill that would raise the member business lending cap continues to draw the ire of the Wisconsin Credit Union League.