Pub. 8 2013-2014 Issue 3

www.nebankers.org 10 Extraordinary Service for Extraordinary Members. 1125 South 103rd Street Omaha, NE 68124 koleyjessen .com COMMERCIAL LOANS - TIF/BOND FINANCING DIP FINANCING - BANKRUPTCY/CREDITORS’ RIGHTS REGULATORY COMPLIANCE - GENERAL CORPORATE Brian Koenig & Don Swanson with the Farm Credit System, another tax-advantaged competitor. In a letter to Sens. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, and Orin Hatch (R-Utah), the committee’s ranking member, I pointed out that credit unions were never intended to be tax-exempt banks. However, that is the reality today. “Credit unions compete head-to-head with banks in communities across this country,” I wrote. “They serve the same markets as banks—particularly community banks—and there is no practical limitation on who a credit union can serve. In fact, the public does not differentiate between banks and credit unions.” Our message is plain and simple. The time has come for Congress to abolish credit unions’ tax exemption. I hope you’ll join us in sharing that message with your lawmakers and stakeholders. For credit unions, it’s time to pay.   It’s Time — continued Change is a scary thing... Customers increasingly demand convenience, and your ATM channel is an important part of a solid business strategy. Your ATMs are our priority and passion. NuSource focuses on consistently delivering services that enhance the ATM experience, and loyalty to your institution. So let us customize product and service solutions to make life in the woods, well... not so scary! Eden Prairie, MN 952/942-9191 (ph) 952/942-8922 (fax) NuSource Financial, Inc. With loc l t chnicians in Omaha and Lincoln! 888 786 7560 (Phone) Reach Frank Keating at keating@aba.com . © 2013 American Bankers Association. All rights reserved. Reprinted with permission.