Charged an Overdraft Fee? Expect to Pay $35 at Banks, $26 at Credit Unions
A new study finds that the average fee the country’s largest banks charge customers who overdraw their accounts is $35.
Iowa credit unions impact their communities, economy
Dale Owen, Iowa Credit Union Foundation chair Over the past 28 years, I have dedicated my career to improving the financial lives of people living and…
Don’t tax credit unions…or community banks, either
By R.J. Lehmann, R Street With the suggestion box now clamped shut for the Senate Finance Committee’s tax reform project, it bears pondering what the process is likely to mean for the future of credit unions’ tax exemption. Under the “blank slate” process laid out by Chairman Max Baucus, D-Mont., and Ranking Member Orrin Hatch, …
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Credit unions beating banks
By David McMillin, Bankrate.com The roar of frustration with banks may seem like it’s quieting, but a new survey suggests consumers are continuing to question their allegiances to their banking institutions. More of those consumers are turning to credit unions for their personal finance needs. According to the 2013-2014 National Member and Nonmember Survey from …
NEW: Ways And Means Working Group Tax Reform Report Delivered
WASHINGTON (5/6/13, UPDATED, 2:07 p.m. ET)–The credit union tax status is one of many issues discussed in the just-released report on tax policy reform created by 11 House Ways and Mean working groups and delivered to the Joint Committee on Taxation. The 550-plus page report does not contain any policy recommendations, but lists the pluses …
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Sen. Finance Chair Backs CU Tax Status In MCUN Remarks
WASHINGTON (5/8/13)–“Credit unions’ tax exempt status is not going away, not on my watch,” Senate Finance Committee Chairman Max Baucus (D-Mont.) said in a recent message to Montana credit unions. “Over the years, folks in D.C. have tried to cut your tax exempt status, and I’ve gone to the mat to fight back,” he added. …
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