<p>NTU Recommends Review of Credit Union Exemption</p>

NTU Recommends Review of Credit Union Exemption

National Taxpayers Union

Congress should reevaluate the credit union tax exemption because of indications that credit unions are taking advantage of it, using it to purchase non-exempt institutions while not having to pay unrelated business income tax or file a Form 990, the National Taxpayers Union said in a February 18 report.

<p>Congress should reevaluate the credit union tax exemption because of indications that credit unions are taking advantage of it, using it to purchase non-exempt institutions while not having to pay unrelated business income tax or file a Form 990, the National Taxpayers Union said in a February 18 report.</p>