If the greedy Utah Bankers Assoc and Harris Simmons don't give up on their jihad against credit unions, they will all just convert to federal charters. This is what the large credit unions did. Utah suffered as a result. Utah lost millions when they changed to federal charters.

I agree with the Banks on this one. Credit Unions say they are no-profit and so they get tax breaks along with other things. If a Credit Unions want to grow then they should have to play by the same rules. The biggest one is having to give more back to the community. If they don't like that then give the banks the rules the credit unions get to play by for doing the same thing.

Which bank(er) would get rid of PAID boards of directors and try to find men and women who serve for free?
Which bank (er) would give up stock options, returns on bank earnings and give back everything but regulatory required reserves to their customers.
In many Utah banks, over 50-60% of their loans are classified as "commercial" in nature. Utah credit unions would like this moved to allow them to make 12% of their loans to members who own businesses.
Which Utah bank is not able to make a decent sized mortgage loan to their customers. MANY Utah credit unions are in this position.
Credit unions are about serving the needs of their members and that includes mortgages and member business loans.