Community First Credit Union has agreed to be a title sponsor of Jacksonville's Light Boat Parade for at least the next three years.
Organizers hope to have at least 100 boats participate in the parade. After the boat parade, there will be a fireworks show.
Community First and Gator Bowl Sports declined to disclose the dollar amount for the credit union’s sponsorship.
But is sponsoring a boat parade consistent with the tax-exempt purpose of a credit union?
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