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History And Future Of Credit Unions' Tax-Exempt Status

Wednesday, December 29, 2010 - 8:03 AM
One advantage credit unions have over banks is their federal exemption on corporate income taxes. How did this exemption come into existence? And will it last? This article at The Financial Brand has a good review of the history of the tax exemption and what could cause this to end.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600