Small U.S. Banks Urge Credit Union Transparency, Tax

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004394-small-us-banks-urge-credit-union-transpar/

By Kristin Roberts, Reuters

A trade group for community banks urged the U.S. Congress this week to force credit unions to disclose more information about their operations and make some of the larger credit unions subject to federal tax.

The group, America’s Community Bankers, argued in a letter to the chairman of the U.S. House Ways and Means Committee that credit unions offer the same services as community banks but enjoy a competitive advantage due to exemptions from some financial disclosures and federal taxation.

For this complete story, please visit Small U.S. Banks Urge Credit Union Transparency, Tax.

Small U.S. Banks Urge Credit Union Transparency, Tax

Unknown Author

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