11/08/2017 06:41 pm
In a letter to leaders of the House Ways and Means Committee, the Independent Community Bankers of America (ICBA) said that while it generally supports the recently introduced tax reform legislation, the federal tax exemption of credit unions remains a point of contention within the bill. Failing to identify exactly why the credit union tax exemption is bad, ICBA's argument is not only weak, but hypocritical.