Tax

After making the switch from banks to CUs four years ago, the CFO of American First Credit Union loves the movement – but he has some thoughts on how it can improve.

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.

Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier.

Credit unions nationwide celebrated a recent victory for the CU tax status in Iowa, but bigger battles in more states could be just over the horizon.

In letters to the six largest U.S. banks, the Ohio Democrat accused the banking sector of moving call center jobs overseas while reaping benefits from the recent tax cut law.

The Pittsburgh bank opted to give more than half of its employees $2,000 pay hikes instead of the bonuses handed out by many rivals.

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

The itemized deduction for investment fees may have been eliminated, but clients still need guidance on paying IRA expenses. Here's what to tell them.

Long considered a political third rail in the U.S., the movement's tax exemption is taking some heat. Here's a sampling of how other countries have handled this debate.

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

The company benefited from increases in residential and construction lending.

Proposal would lower capital requirements for some, raise them for others; Mulvaney says enforcement division will continue to police lending discrimination.

Readers react to a drive for more public banks, weigh in the launch of an online-only bank, chime in on what millennials need and more.

Lawmakers approved a measure to increase the program's funding by nearly $3 billion over four years.

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.

As tax reform spurs demand, a rising rate environment is making the short-term loans more appealing to banks.

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.

Banking and affordable housing advocates are encouraged by a provision in the tax reform legislation that could increase investment in underserved communities by allowing investors to defer capital gains taxes when they reinvest in federally chartered Opportunity Funds.

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.

The booming U.S. economy continues to fuel earnings at Toronto-Dominion Bank — and President Trump's tax cuts will only make things better.