"Quelle surprise"! (Pardon my French.)
😎 This exchange recently occurred in the comments:
AnonymousFebruary 25, 2025 at 10:41 AMHow do we know?
- AnonymousFebruary 25, 2025 at 10:45 AM
our charter, for one. is that even a serious question?
😎 This headline and article appeared the same day in the national credit union publication CUToday:
"Credit Unions Brace For Tax Exemption Battle—Could CU Conversions To Bank Be On The Horizon?" [2/25/2025 - [link]
"... most credit unions that are taking some kind of action today
are running what-if scenarios—evaluating what losing their tax status
would mean to the bottom line and to their members. But some are looking
at what’s involved in converting to a bank."
"What if" ?! If it walks like a duck, looks like a duck, acts like a duck... well, y'know...
In no way whatsoever are we a bank.