Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Study CUs prices better than Sub-S C-corp banks
MADISON, Wis. (8/14/09)--Credit unions have better savings and loan rates than Subchapter-S banks and C corporation banks, according to a Filene Research Institute Study.
Click to view larger image Click for larger view
The study, “A Comparison of Bank and Credit Union Pricing: Implications for Tax Benefits of Subchapter S Incorporation,” by Steve Swidler, Auburn University professor, examines the rate differences between banks and credit unions. Swidler found that credit union members benefit both on the deposit and loan side for almost every product category, compared to C corporation and Sub-S banks. Sub-S banks pass on few, if any, tax benefits to customers in the form of better rates. Sub-S banks set rates similar to C coporations. Banks incorporating as Sub-S eliminate federal taxes on corporate level earnings. Sub-S banks are profit-oriented, while credit unions receive a tax benefit to serve the needs of everyday people, the study said.
Other Resources

RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
8 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
13 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
13 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
14 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
15 hours ago