The National Association of Federally-Insured Credit Unions (NAFCU) has released a study supporting its argument that credit unions should remain exempt from the federal corporate income tax by highlighting how the exemption benefits, not only credit unions, but their customers, the economy and even bank customers.
Read on to find out how far-reaching the benefits of the credit union tax exemption are, according to the study, and the potential implications of repealing the exemption.