I know we are all pleased having Navy Federal here. But, the elephant in the room is their failure to pay any federal income tax. As this article points out although the basis of federal tax exemptions for small very limited in scope credit unions is part of our national fabric, massive 60 billion dollar banking businesses are not. For any business person facing the possibility that a competitor 60 times bigger can pay better wages and support extraordinary compensation for their executives because they are not required to pay federal income taxes is an unfair competitive advantage. And that is exactly this credit union disparity as compared to our local banks. Congress should end this federal income tax exemption for any credit union over a billion dollars in assets. This is an unsupportable abuse of the historic tax exemption afforded to small local credit unions.