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Credit unions’ tax exemption: A lifeline for military families and communities
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Credit unions’ tax exemption: A lifeline for military families and communities
The Washington Examiner recently published an editorial arguing that credit unions have strayed from their original mission and no longer deserve their federal tax exemption. The piece claimed credit unions use a $3 billion “tax subsidy” to expand like banks and serve wealthier customers rather than those of modest means. However, this view overlooks the critical role that credit unions—especially defense credit unions serving U.S. military fami…
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