X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK — NCUA Vice Chairman Rodney Hood vigorously backed the credit union tax-exemption during an address at Municipal Credit Union’s 90th Annual Meeting at a time when a bill is in the state legislature to tax federal credit unions in the state.

Hood highlighted how Municipal and credit unions across the state are earning their tax-exempt status everyday. He noted that credit unions in New York State granted over $195 million in affordable mortgages. He added that “were it not for their tax-exempt status” these credit unions might not have had as broad an impact as they do.

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.