THE 'tude

In a letter to leaders of the House Ways and Means Committee, the Independent Community Bankers of America (ICBA) said that while it generally supports the recently introduced tax reform legislation, the federal tax exemption of credit unions remains a point of contention within the bill. Failing to identify exactly why the credit union tax exemption is bad, ICBA's argument is not only weak, but hypocritical.

The automotive lending market is rapidly evolving, and credit unions must find unique methods to generate auto loans and keep up with evolving technology. To address business and profitability challenges, credit unions must be efficient, innovative, and responsive to auto dealers and members.