Recent News

25

Oct

Taxing credit unions would just help big banks at expense of consumers

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?

2

Oct

CUNA continues advocacy as tax reform summary released

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 […]

2

Oct

Nussle talks tax reform process, timing on CNBC

CUNA President/CEO Jim Nussle appeared on CNBC’s Squawk Box Tuesday morning to share thoughts on the tax reform process. Nussle has extensive experience on the topic as he served in Congress from 1991 to 2007 and as director of the Office of Management and Budget from 2007 to 2009. “Having actually quarterbacked a tax bill […]

2

Oct

CUNA continues tax status defense after reform info released

CUNA remains prepared to defend the credit union tax status if necessary, CUNA President/CEO Jim Nussle said Wednesday in response to the release of a Republican tax reform platform. The 9-page document calls for tax cuts, but doesn’t provide specific details about how they would be funded. “The presence of not-for-profit, member-owned financial cooperatives brings […]

22

Sep

Credit unions aren’t banks: Here’s how they differ

They make money in similar ways, but the key difference is that credit unions serve members, not shareholders.