|
|
Article: Financial face off: Banks, credit unions trade barbs.
- Article from:
- Daily Oklahoman (Oklahoma City, OK)
- Article date:
- August 7, 2005
CopyrightCOPYRIGHT 2005 The Daily Oklahoman. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Don Mecoy
Aug. 7--In Oklahoma, the farmer and the rancher should be friends, but questions remain about the banker and the credit union operator.
For decades, bankers have grumbled about the tax breaks granted to credit unions, the leaders of which have responded that bankers don't seem to be missing any meals.
Credit unions are more competitive with banks than when credit unions first appeared more than 60 years ago. In Oklahoma, nearly 1 million people belong to 86 different credit unions. It's also true that credit unions, particularly those with national charters, enjoy significant tax breaks.
"Frankly they continue to use ...