WASHINGTON-According to a report in CongressDaily AM, the banking industry does not expect Congress to tax credit unions soon, but that is not going to keep them from trying. The Nov. 17 article in CongressDaily AM noted that banks have clashed with credit unions over expanding powers for the tax-exempt cooperatives. The credit union and bank lobbies will continue to maintain a close watch on the House Ways and Means Committee, which is expected to look into whether several types of tax-exempt nonprofits are still entitled to that tax treatment. "Banks have never let up on the tax issue," CUNA Vice President of Communications and Media Outreach Patrick Keefe told the publication. "If they come after us on that, we'll be ready." American Bankers Association Executive Vice President Edward Yingling complimented the credit union lobby in the article. "It is quite clear that this is an expanding industry, a very sophisticated industry with a very large and sophisticated lobby," CongressDaily AM quoted him as saying. "I'll compliment them – they are good at what they do." According to CUNA Senior Vice President of Governmental Affairs John McKechnie the issue helps the credit union lobby. "We think consumers, whether they choose to do business with a bank or are members of a credit union, deserve to get the best financial services offerings possible," McKechnie told CongressDaily AM. "A lot of members of Congress are not willing to relegate their constituents to second-class financial services by agreeing with the banks."