Illinois Bankers Association

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IBA Chairman Watts to Speaker Ryan: End Credit Union Subsidy

IBA Chairman Dan Watts of Forest Park National Bank & Trust Company recently wrote to Speaker Paul Ryan urging Congress to end the unfair tax treatment that credit unions currently receive. Watts cited the proliferation of large, out-of-state credit unions advertising for loans in Illinois as evidence that many credit unions have aggressively grown well beyond what Congress envisioned. 

Read the Letter


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