Fancy_Pantalones

YAY for credit unions! I used to be the marketing manager for a big single-seg credit union. Loved our members, and loved the credit union philosophy even more. Question for you... how do you feel about the idea that credit unions are starting to act more like 'banks' and the ABA's lobby to start taxing credit unions?

The credit union I worked at didn't, but some in our area are being accused of it by having wide open charters, fees that are like a bank's, eliminating member givebacks, marketing like a bank... I'm talking top 10 CUs. Part of my responsibility at my CU was to help in the lobbying efforts with local politicians--letter writing in support of CUs, league lobbying, CUPAC activities. I'm not optimistic that one day the ABA will succeed in getting some sort of taxation passed. I interviewed at a regional bank recently, and it was a fun sparring match with the CEO over taxation.