NWCUA’s Troy Stang Tells Fox Business: Loss of Tax Exemption Would Impact Members’ Wallets

Troy Stang told a nationwide audience on the Fox Business network this week that the loss of credit unions’ federal tax exemption would have a negative impact on the U.S. economy.

“As not-for-profit cooperatives, the benefits of the cooperative are returned back to the members,” the Northwest Credit Union Association’s president and CEO told host Adam Shapiro on the show “Markets Now.” That directly affects members’ wallets, Stang said, in the form of lower interest rates and other financial incentives.

Here’s what Stang had to say:

 

Questions? Contact Gary Stein: 503.350.2216, gstein@nwcua.org.

Posted in NWCUA.