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re: Credit unions, are they worth it?
Posted on 7/18/13 at 8:45 pm to Zilla
Posted on 7/18/13 at 8:45 pm to Zilla
quote:
why? they are not for profit. .
They make plenty of profit and none of it is taxed.
quote:This makes no sense. Neither of those is a tax.
The profits are sort of like they are taxed since they are returned to the members in the form of lower rates and higher dividends.
2
Posted on 7/18/13 at 10:49 pm to LSURussian
I mean if a tax is money meant to go back to the community, that's the same idea...profits are returned to the members.
Posted on 7/19/13 at 9:47 am to LSURussian
Don't CU's have restrictions on things they can't do that banks can (loans?)
Honest question
Honest question
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