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In honor of CU Times’ 25th anniversary, credit union leaders pondered issues raised in the March 26, 1990 edition of CU Times, and discussed where they stand today.

In March of 1990, the ABA had proposed a three-part tax test for credit unions. As reported by CU Times, under the ABA’s plan, a credit union would retain its tax exemption if it had less than $10 million in assets and did not make loans, accept deposits or provide any other services to commercial firms or government entities.

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