No Break in Wisconsin Bank/CU Exemption Fight

The credit union/bank clash over the tax exemption in Wisconsin showed no sign of a letup Monday with the Wisconsin Bankers Association issuing a recycled broadside and the Wisconsin Credit Union League firing back with a rebuttal stressing “the credit union story directly counters” any negative banker claims.

The latest exchange, triggered by a July 15 WBA letter to the state’s Congressional delegation appealing for federal action “in light of the debt crisis,” comes as Wisconsin voters on Tuesday participate in a bellwether election on recall of lawmakers stemming from the March fight curbing collective bargaining rights for state employees and which forced a budget-related shutdown of the state legislature.