Should Credit Unions lose their favored tax status

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LottomagicZ4941
Posts: 752
Joined: Wed Oct 06, 2004 12:00 pm

Should Credit Unions lose their favored tax status

Post by LottomagicZ4941 »

Should Credit Unions lose their favored tax status

Credit Unions pay lower taxes then comerical banks.

A few months ago I paid my credit cards off the wrong bank account.

Got bounce fees from the Credit Union. I understand this to an extent. However I got my fees waived from the for profit credit card company.

The for profit credit card company waived the $35 late fee and both of their $20+ fees for the two bounces.

I only submitted the payment once but they did a second attempt.

The non profit credit union was not so nice. They were like we will split the difference with you and they still charged me $28.

$28 for an honest mistake seems a bit much. What do you all think?

Is your local credit union friendly? Or are the as bad as commerical banks?

Should they have the tax breaks that they currently have?

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MagicZ4941
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