The credit union industry has never lacked for political muscle. Nonprofit institutions that serve people rather than investors, they are so beloved on Capitol Hill that they win most legislative battles without breaking a sweat, especially when they are pitted against banks.

But with the Credit Union National Association beginning its annual convention Monday in Dallas, there is some reason to believe that banks are at last positioned to make some headway, particularly on the issue of revoking credit unions' tax exempt status.

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