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Wisconsin Bankers Attack Community First

MILWAUKEE -- The Wisconsin Bankers Association has taken a swipe at the $916 billion Community First credit union for its decision to file a lawsuit against the IRS over its unrelated business income taxes (UBIT).

By David Morrison | Updated on January 22, 2008

MILWAUKEE — The Wisconsin Bankers Association has taken a swipe at the $916 million Community First credit union for its decision to file a lawsuit against the IRS over its unrelated business income taxes (UBIT).

In a piece which appeared in the Small Business Times, a business journal published in Milwaukee, Kurt Bauer, CEO of the Association, charges that the CU’s lawsuit represents an attempt by an almost billion dollar institution to escape paying even a little tax.

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