Review of credit union tax exemption : hearing before the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, November 3, 2005. (Google eBook)
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accounts American associations banks and thrifts benefits borrowers business lending business loans capital Chairman THOMAS chartered credit unions Committee common bond community banks community charter Congress consumers corporate Credit Union Act credit union industry credit union members Credit Union Membership credit union system credit union tax credit unions serve CUMAA CUSO depository institutions deposits Federal Credit Union federal income tax federally insured credit field of membership financial institutions financial services gentleman Government Accountability Office groups hearing HILLMAN Hispanic insured credit unions issue JOHNSON large credit unions low-income member business million mission moderate-income modest means mortgage loans mutual institutions mutual organizations mutual savings banks mutual thrifts National Credit Union Navy Federal NCUA NCUA’s needs not-for-profit offer organizations percent rates regulatory retained earnings revenue Roy Bergengren small business Tax Foundation tax-exempt status taxation Thank tion today’s Treasury underserved areas union tax exemption Vice Admiral DAWSON
Page 103 - Federal Credit Union Act". (June 26, 1934, c. 750, § 1, 48 Stat. 1216.) Act of June 26, 1934, cited to the text, was entitled "An Act to establish a Federal Credit Union System, to establish a further market for securities of the United States...
Page 101 - The Federal credit unions organized hereunder, their property, their franchises, capital, reserves, surpluses, and other funds, and their income shall be exempt from all taxation now or hereafter imposed by the United States or by any State, Territorial, or local taxing authority...
Page 27 - Act to establish a Federal Credit Union System, to establish a further market for securities of the United States and to make more available to people of small means credit for provident purposes through a national system of cooperative credit, thereby helping to stabilize the credit structure of the United States.
Page 118 - Nation's banks, brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership — which includes community, regional, and money center banks and holding companies, as well as savings associations, trust companies and savings banks — makes ABA the largest banking trade association in the country.
Page 101 - SIPC shall be subject to State and local taxation to the same extent according to its value as other real and tangible personal property is taxed.
Page 200 - Committee on Ways and Means United States House of Representatives...
Page 4 - The hearing will take place on Tuesday, June 28, 2005, in the main Committee hearing room, 1100 Longworth House Office Building, beginning at...
Page 1 - Subcommittee met, pursuant to notice, at 11:05 am, in room 1100, Longworth House Office Building, Hon. Bill Thomas (Chairman of the Subcommittee) presiding.