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Credit Union rally in Albany
ALBANY - Organizers are saying that billions of dollars are at stake at a rally in Albany Thursday.
The "Don't Tax My Credit Union" rally was held outside the offices of the Credit Union Association of New York on Watervliet Shaker Road in Albany.
The group says that banks are trying to convince lawmakers to eliminate credit unions' not-for-profit tax exemption, saying taxing the credit unions wouldn't be taxing the company, but the people that use them.
Congress is currently working on revamping tax codes.
Credit unions are member owned, not-for-profit financial cooperatives who return earnings back to the members.