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Credit Unions vs. Banks: The Myth of the Uneven Playing Field

June 4, 2013
By Randall Pozdena and Michael Wilkerson

The purpose of this paper is to evaluate proposals of commercial bank critics that credit unions are de facto operating as commercial banks and should be treated as such, especially in regards to corporate income taxation.

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The purpose of this paper is to evaluate proposals of commercial bank critics that credit unions are de facto operating as commercial banks and should be treated as such, especially in regards to corporate income taxation. Our approach is to consider both theoretical and empirical evidence regarding the fairness and efficiency of such proposals, including the likely effects on competition and, ultimately, consumer benefits.