Retiring Illinois Bankers Exec Says Brazen CU Behavior Is Getting Noticed by Lawmakers

In an article appearing in BankBeat, Linda Koch, who will retire this summer as the president and CEO of the Illinois Bankers Association, had some interesting comments about credit unions and taxation.

Koch noted that the behavior of large credit unions has become more brazen with the acquisition of community banks and purchasing the naming rights to sports and entertainment venues.

She commented that these actions are getting the attention of lawmakers.

She believes that these actions by the credit union industry will ultimately force Congress and state legislatures to do the right thing and tax credit unions.

Read the article.