The big banks and some in Congress want to raise taxes and impose new fees on 110 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.
By R.J. Lehmann, R Street With the suggestion box now clamped shut for the Senate Finance Committee’s tax reform project, it bears pondering what the process is likely to mean for the future of credit unions’ tax exemption. Under the “blank slate” process laid out […]
By David McMillin, Bankrate.com The roar of frustration with banks may seem like it’s quieting, but a new survey suggests consumers are continuing to question their allegiances to their banking institutions. More of those consumers are turning to credit unions for their personal finance needs. […]
About Don’t tax my CU
“No Le Cobren Impuestos A Mi Credit Union” es una campaña a nivel nacional que tiene el propósito de asegurar que el Congreso no le cobre más impuestos a los 96 millones de socios de credit unions a nivel nacional y de conservar las alternativas financieras para los consumidores estadounidenses. Únase a esta causa hoy mismo para compartir su historia y decirle al Congreso: ¡No Le Cobren Impuestos A Mi Credit Union!