Anti-CU Bid Gains

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SALT LAKE CITY - (01/19/05) -- The anti-credit union resolutionmade its first major gain in the House's Business and LaborCommittee Tuesday, which approved the measure aiming the enlistCongress in the state's decade-long battles between banks andcredit unions. The panel approved the non-binding resolution whichurges Congress to allow states to lift the exemption on state andlocal taxes for federally chartered credit unions. The resolutionwill now be debated by the full House, possible as soon asWednesday, officials told The Credit Union Journal.

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