The Justice Department said Tuesday it won't appeal a federal court's decision that Bellco Credit Union doesn't have to pay unrelated business income tax on income from credit insurance or royalties from accidental death and dismemberment insurance.

U.S. District Judge Christine Arguello issued the ruling in April and also ruled that

a technicality that the Greenwood Village, Colo.-based credit union does have to pay a UBIT on income from credit insurance and on its profits from credit insurance sales of the Credit Union Direct Lending Association.

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Credit Union Management
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