Credit Unions Face A Regulatory Tax Because of Their Tax Exemption

Last week, I spoke at the Credit Union Water Cooler Symposium in Nashville, Tennessee.

Below is a video segment from the Conference where I told the audience that the preservation of the credit union tax exemption has imposed a regulatory tax on credit unions. This regulatory tax appears in the form of business lending and capital restrictions.

I know that some within the credit union industry would like to have their cake and eat it too. But that is unlikely to happen.