Tax exemptions

Iowa lawmakers have reached a compromise on tax reform that preserves credit unions' tax status in the Hawkeye State.

NCUA Chairman Mark McWatters has responded to a controversial letter from U.S. Sen. Orrin Hatch questioning the credit union tax exemption.

At a time when credit union leaders need to be heard as one voice, the leaders of two competing trade groups are exemplifying that spirit.

About 750 people took part in a rally at the state capitol in Des Moines to protest a proposed tax on Iowa's credit unions.

Readers weigh in on whether or not banks should take a stand on gun control, opine on digital banking outages, reflect on banks building more branches in the internet age and more.

Camden R. Fine and the Independent Community Bankers of America would be better off if they spent more time protecting community banks and less time attacking credit unions.

Lawmakers should consider taxing large, banklike credit unions that have strayed from their original fields of membership, argues a credit union executive.

If taxation is the future of our movement, it should be directed at large, bank-like credit unions in order to protect smaller institutions that have stayed true to our founding spirit.

The leaders of both national credit union trade associations praised lawmakers for maintain the movement’s tax-exempt status in the final version of a controversial tax reform bill.

Credit union trade associations lauded lawmakers while bankers -- predictably -- lamented the news.

After so many political surprises in the last year, could a CU tax-status shake-up be next?

CUNA and NAFCU cautioned, however, that the bill is by no means final and could still change.

Readers weigh in on a proposal for encouraging small bank installment loans, a firm that uses AI to reduce false alarms, what security improvements are needed for sharing customer data, and more.

The Treasury Department significantly raised an estimate for how much the exemption will cost the government over the next decade, giving bankers some hope that their complaints are finally being heard.

The Treasury Department significantly raised an estimate for how much the exemption will cost the government over the next decade, putting credit unions on guard that bankers' arguments could be gaining traction.

The new study highlighting the importance of the credit union tax exemption comes at a time when Congress is looking for new ways to boost government revenues and save taxpayers money.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.