13 March 1992 External T.I. 5-920029

Payments made by a credit union to non-members which were similar in nature to allocations in proportions to borrowing and bonus interest payments...

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RC is not prepared to confirm that a payment made by a credit union to non-members is deductible under general principles given that there is some...

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Payments to non-members of a credit union may not be deductible under basic income tax rules because they are made after the determination of net...

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