The tax exemption has nothing to do with a credit union's size, the services it offers or the members its serves. All consumers benefit from credit unions Banks want to eliminate credit unions' tax-exempt status because they know it would eventually mean the end of credit unions as they are known today. In short, they are trying to do away with their competition. If banks win, everyone else loses. Credit union members aren't the only ones who benefit from the credit union alternative.
All consumers benefit from having credit unions.
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