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Are Federal Credit Unions automatically exempt?

Are Federal Credit Unions automatically exempt?

Answer by Kathleen Blanchard: You will need to be more specific as to what they are exempt from.


Answer by Randy Carey: If they mean from currency transaction reporting, the answer would be yes. That is about the only thing I can think of.


Answer by John Burnett: I agree. They qualify automatically as "exempt persons" and their transactions in currency need not be reported.

First published on 12/17/12

First published on 12/17/2012

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