The big banks and some in Congress want to raise taxes and impose new fees on 96 million credit union members who represent 40% of all Americans, yet represent only 6% of the assets in financial institutions.
The credit union mission has always been to ensure secure financial choices at lower costs for their members. That’s why credit unions offer financial products that provide better returns on savings, reduced rates on loans and lower or no fees on services. Click here for other recent news about credit unions.
Some banks are asking state legislators to pass resolutions calling on the U.S. Congress to eliminate the nonprofit status of credit unions, effectively imposing new taxes on the banks’ smallest of rivals. Click here to see if “too big to fail” banks are targeting your state.
Dale Owen, Iowa Credit Union Foundation chair Over the past 28 years, I have dedicated my career to improving the financial lives of people living and working in the Quad-City area. Early in my career, I worked for local community banks that merged into larger, […]
Since 1925, credit unions have been a valued alternative for Iowans in the financial services marketplace. As credit union leaders, we feel fortunate our employees will never have to worry about a conflict between serving our members and meeting the needs of our owners. They are the same people.
About Don’t tax my CU
“Don’t Tax My Credit Union” is a national campaign dedicated to ensuring Congress doesn’t raise taxes on 96 million credit union members nationwide and preserves financial choice for American consumers. Join us today to share your story and tell Congress: Don’t Tax My Credit Union!