Fresh from a legislative victory opening the door for credit union-to-bank conversions, Wisconsin bankers stepped up their anti-CU offensive this week with a renewed call for lifting the tax exemption.
In a July 15 email sent to the state's Congressional delegation and circulating across the state, the Wisconsin Bankers Association argued the federal government needs to look toward CUs for additional revenue in light of tough economic times.
In unusually combative language, the Wisconsin Credit Union League struck back with a broadside of its own accusing banks of continuing to "abuse U.S. taxpayers by grabbing billions in bailout money when these banks don't pay taxes on their sizable profits."
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