Big Banks Start Campaign to Destroy Credit Unions via Care2 bit.ly/15qv3cn #DontTaxMyCU "While the numbers do show that more people are realizing the benefits of credit union membership, they are little more than a stop gap to a complete oligarchy of a few banks controlling all of the financial assets of the United States and giving customers – often lower and middle income – an alternative to higher cost financial services. Whatever competition there is, it is limited. Furthermore, by virtue of their non-profit status, they are held to a much higher standard than banks. Eliminating the tax exemption would make credit unions unable to offer competitive rates and provide loans to people the banks ignore."
Posted on: Tue, 17 Sep 2013 14:39:23 +0000
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