The Independent Community Bankers of America said Friday thatone of its three top priorities for the year will be ensuring thatif credit unions are allowed to make more business loans, they paytaxes .

In a statement listing its legislative agenda, the tradeassociation said it will strongly oppose “unwise legislation toconsiderably expand the commercial lending authority of tax-exemptcredit unions.”

The statement added, “Meanwhile, federal budget deficits areforcing more lawmakers to concede ICBA's position that the federalexemption for credit unions, particularly for large bank-likecredit unions, is no longer justified.''

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