Credit Unions Oppose Losing Income Tax Exemption

Law360, New York (January 3, 2014, 1:48 PM EST) -- Amid Congress' exploration of a possible overhaul of the U.S. tax code, the National Association of Federal Credit Union's said Thursday that its primary legislative goal for 2014 is to ensure that the current income tax exemption for credit unions remains untouched.

The NAFCU said in a statement that ensuring that its members remain free from corporate income tax will be its top priority in the coming year. While Congress is poised to begin tackling tax reform this year, the NAFCU has suggested it will fight...
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