LATHAM, N.Y.–New York State Senator Thomas Morahan (R-38th) introduced a bill last week calling for the taxation of federal credit unions in New York.
When asked if this was something the New York State Credit Union League was expecting from the senator, Vice President of Governmental Affairs Amy Kramer said, "Frankly, no, it was not." She explained that she has a good rapport with his staff and she had been in not long before the bill was introduced but they gave her no indication of what was coming.
"I think they didn't realize what can of worms they stepped into," Kramer commented upon meeting with his staff afterward and explaining the enormity of the issue to all credit unions. "The Senator was ready to continue the dialogue himself more personally."
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