A new policy by the National Credit Union Administration that makes it easier for groups to expand could open the industry to taxation, say industry observers - and some credit unions.

By opening their doors to more people, credit unions increasingly will resemble banks and lose the uniqueness that exempts them from taxation and banklike regulation.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.