Monday, September 8, 2014

Radio Ad Calling for the End of CU Tax Subsidy

ABA is running a radio ad this week emphasizing the need to end the credit unions’ outdated tax subsidy.

“Government data show that just one percent of [credit union] home loans went to low-income borrowers,” ABA president and CEO Frank Keating says. “For that, credit unions avoided $2 billion in taxes. Ask Congress why taxpayers should give credit unions $2 billion for doing just one percent of their job.” Listen to the ad.
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