The American Banker's Association claims that the tax advantage of credit unions is worth about how...

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The American Banker's Association claims that the tax advantage of credit unions is worth about how...

The American Banker's Association claims that the tax advantage of credit unions is worth about how much money per year?

business accounting

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Answer 1

Answer #1

Credit unions are a type of regulated financial instutions dedicated to the financial needs of selected group of customers.

The credit unions have received a special status and have been tax exempt since the year 1916.

The credit unions have been receiving an estimated $ 2.1 Billion average annual tax subsidy.

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Answer 2

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