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Debate over credit union tax exemption heats up as acquisition trend continues
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Banking, Mergers & Acquistions
Tuesday, September 10, 2024
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Shortly after REV Federal Credit Union finalized the 15th bank acquisition by a credit union this year, industry advocates voiced opposing viewpoints on the state of the financial marketplace. One leading community banking advocate called it a “dangerous trend” while the credit union lobby stepped up to defend the industry against what it referred to as “misinformation” about the credit union tax exemption.
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