For years credit unions have marched on Washington as part of CUNA's GAC, always stressing the reasons for the tax exemption. But the big threats now are in places such as Birmingham and Albuquerque and Salt Lake City, where state legislatures facing budget shortfalls are looking for every revenue source they can find. And banks are more than happy to point out credit unions as one such source. In this issue The Credit Union Journal offers an expansive look at the tax situation in each state, beginning on page 22.
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