All Quiet On The Kentucky Front
The tax issue in our state has remained quiet. We and the Kentucky Bankers Association are currently looking for ways to work together on common issues that affect all financial institutions. So far, this has been very successful. We have worked together on predatory lending and now have one of the best anti-predatory lending laws in the nation. We have also worked with them on a fraud prevention program, fraud-net.com.
So far, our state has not looked at credit unions for revenue. However, we will never take anything for granted and are always monitoring the situation. The same is true with the KBA. We want to work together, but we'll keep alert to everything that remotely looks like the beginning of an organized attack.