IRS redux? Feds snub top-performing ‘Freedom’ credit union, but bend the rules for Big Labor

Wayne Hoffman Articles, Labor Leave a Comment

Federal regulators need to explain why they’ve granted a perpetually-floundering California credit union that serves organized labor permission to raise money from investors—especially considering those regulators haven’t given the same green light to a strong and growing credit union that serves rural Idahoans. Credit unions are member-owned nonprofits and generally can use only retained earnings for expansion plans. If a …