Correction
Northwestern Financial Review, Jul 15-Jul 31, 2002
The feature appearing in the May 15, 2002 North-Western Financial Review over-stated the amount of tax revenue that would be paid by the credit union industry if credit unions were taxed in the same manner as banks. The actual amount is about $1 billion per year. Also, there are three states that tax the income of state-chartered credit unions: Indiana, Nebraska and Oklahoma.
Copyright NFR Communications Inc Jul 15-Jul 31, 2002
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