Do credit unions still warrant a tax exemption?

AMERICAN BANKER MAGAZINE: Yael Ossowski, the deputy director at the Consumer Choice Center in Washington, D.C., said he began to pay more attention to credit union taxation after being struck by the presence of several large credit unions in his home state of North Carolina.

“The huge footprint with a lot of these credit unions sparked my curiosity,” Ossowski said. “I wanted to know what the difference between banks and credit unions is and I discovered there isn’t much anymore.”

He made his views public in September, publishing an op-ed in the Charlotte Observer urging elimination of the tax exemption.

READ MORE: https://www.americanbanker.com/news/do-credit-unions-still-warrant-a-tax-exemption

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