Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST PALM BEACH, Fla. – The banker attacks in Utah which led to an American Bankers Association field-of-membership lawsuit against NCUA was voted as the top story of 2003 by respondents to Credit Union Times’ just expired online voting poll. Utah garnered nearly 43.15% of the vote. Coming in behind Utah with 22.41% of votes was Thrift Conversions/NCUA’s Disclosure proposal. The issue was in the spotlight towards the end of the year when a group of members from Columbia Community CU, Vancouver, Washington, formed a group (Save Community CU) to try and keep the credit union a credit union. IRS’ renewed interest in how its Unrelated Business Income Tax should be applied to CUs was voted the third most important story of the year with 15.73% of the votes. The UBIT issue looks to be another important story in 2004 as the IRS has yet to define what does and does not constitute UBIT for CUs. The poll question and the results are as follows: What was the most important credit union story of 2003?

Utah Banker Attacks (Led to Charter

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.