Guest column: Credit unions’ community bank acquisitions aided by tax subsidies

Taxpayers need to know more about these subsidies

Brad Bolton. Despite what tax-exempt credit unions say about their taxpayer-subsidized purchases of community banks (“Credit unions buying banks is a trend on the rise,” March 2022), these acquisitions harm local economies, including underserved communities. Credit union purchases of community banks in Alabama and nationwide is an alarming trend because credit unions don’t pay taxes,…

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