A Montgomery, Ala. credit union sponsored the Guardian Championship on the LPGA’s Symetra Tour in Prattville, Ala. The Symetra Tour is the official qualifying tour of the LPGA Tour.
Guardian, which had more than $510 million in assets at the time, enjoys a tax exemption from the federal government because of its not-for-profit status. Did the federal government offer such tax relief so that credit unions could promote themselves through golf?
