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Home -> Blog: Banks vs Credit Unions. Part II


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February 18, 2003

The fight I mentioned earlier between the banks and Credit Unions is making slow progress. The bill in question, HB162, was supposed to be discussed last Thursday, the 13th. There was some discussion and a lot of confusion over it on the 14th, but yesterday there was finally a motion as the House approved the bill, with a 5% tax on the states largest Credit Unions, by a margin of 43 to 32. I can't say I like this though as it will somewhat hurt me, reducing the benefits Credit Unions can offer members. I guess we'll just see what happens in the state senate.

Posted by charr at 3:25 PM
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