Beyond The Boundaries

Bankers have launched a new offensive to have credit unions taxed, partly because credit unions are not now what they were in decades past. True, credit unions have changed – this was partly the intent of the national policy of deregulation – though their core structure and mission has not. Evolution of the kind credit unions have undertaken is necessary for success and is on-going (two examples are given). Indeed, to create new and better products is one reason why member-owned cooperatives exist.