BY JOE WITT President/CEO Minnesota Bankers Assoc. F or years bankers have complained about credit unions and their unfair tax advantages. And they are right to do so. It makes absolutely no economic sense to have two businesses, located right next to each other, offering the same products and services to the same potential customers, but one business has the incredible advantage of not paying federal and state income taxes. Obviously the tax exempt business has a huge competitive advantage.