MADISON, Wis. — Taking a cue from the industry's tax-exemptionspin, Wisconsin bankers were waging their latest anti-credit unionattack this week over financial fallout impacting a Superior CreditUnion caught up in the Norlarco/Huron River Florida landscandal.

In a media broadside, the Wisconsin Bankers Association chargedthat loan losses at the $143 million Superior Choice CU relating toNorlarco CU of Colorado and Huron River Area CU of Michigan are newexamples of CUs “abusing their tax subsidy to engage in shakyadventures.”

In a counter-attack, the Wisconsin Credit Union League calledthe banker complaints “simply more fiction and misstatements” offacts coupled with a distortion of the CU mission. The leaguepointed to CU success in helping low-income and small business, anarea ignored by the banking industry bent on undermining CUexpansion.