Critics of the credit union tax status say credit unions use a tax advantage to create a stranglehold on the market, a claim that is patently false.
The $17.2 trillion banking industry is riding high in the current economy: Profits are up, new tax cuts are in, and the industry has more capital than ever before.
Arizona’s credit unions are both not-for-profit and cooperatives. Like all cooperatives, credit unions are member-owned and self-governed by the Arizonans who use our services.
Step back and it’s clear that an income tax on member-owned credit unions takes from the pockets of millions of North Carolinians to appease for-profit banks. How is that fair?
Treasury Secretary Steven Mnuchin released a broad outline of President Donald Trump’s tax reform agenda Tuesday, and while details are currently sparse, CUNA has engaged and will continue to engage with policymakers and staff. In addition to advocacy efforts in Washington, D.C., CUNA is working with its league partners to defend the credit union tax […]