A federal law allowing tax-exempt credit unions to operate rent-free is shrinking the availability of banking options to service members, ICBA community banker and military veteran James Smith wrote this week in a Military Times op-ed.
July 21, 2020 / By ICBA
A federal law allowing tax-exempt credit unions to operate rent-free is shrinking the availability of banking options to service members, ICBA community banker and military veteran James Smith wrote this week in a Military Times op-ed.
The president and chief operating officer of FMS Bank in Greeley, Colo., wrote that Congress should pass an ICBA-advocated provision in pending legislation to restore rent parity between banks and credit unions.
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