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CU Times reported on Feb. 21 that the nation’s bankers have asked the Senate Banking Committee to tax large credit unions. Loudly, and in unison, credit unions must say NO!

Income taxes on “big” credit unions would be the proverbial camel’s nose under the tent-flap. It’s salami tactics. Bankers know they can’t take on credit unions nationwide, so they are going state by state, peer group by peer group, slice by slice.

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