ABA Hits Credit Unions in New Radio Ad
With
federal credit unions gathering in Washington, D.C., this week to lobby for
their agenda on Capitol Hill, ABA is running a radio ad emphasizing the need to
end the credit unions’ outdated tax subsidy. ABA President and CEO Frank
Keating will be heard during drive time on WTOP, the most-listened-to station
in the D.C. metropolitan area.
“Government data show that just one percent of [credit union] home loans went
to low-income borrowers,” Keating says. “For that, credit unions avoided $2
billion in taxes. Ask Congress why taxpayers should give credit unions $2
billion for doing just one percent of their job."--- ABA Daily Newsbytes
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