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 […]
CUNA continues advocacy as tax reform summary released Read More »
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
Nussle talks tax reform process, timing on CNBC Read More »
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
CUNA continues tax status defense after reform info released Read More »
They make money in similar ways, but the key difference is that credit unions serve members, not shareholders.
Credit unions aren’t banks: Here’s how they differ Read More »
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, national banks. In 1999, I started working for Ascentra Credit
Iowa credit unions impact their communities, economy Read More »
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.
Credit unions a vital part of Iowa’s financial ecosystem Read More »
It’s hard not to chuckle after reading Frank Keating’s latest rant on The Hill’s Congress Blog (“Time for Congress to tackle credit unions’ runaway regulator,” July 23) against credit unions and their federal regulator, the National Credit Union Administration (NCUA). Any time you see the bankers complaining about credit unions, know that life must be pretty good for the banking industry.
Credit unions have a prudent regulator, not a ‘cheerleader’ Read More »
James A. Hughes, president of Unity Bank, recently penned an Industry Insights blog for NJBIZ entitled “It’s time for credit unions to pay their fair share.” There is a simple reason why credit unions do not pay taxes — they are member-owned, not-for-profit financial cooperatives that have numerous restrictions placed on them that banks do
Setting the record straight regarding credit unions and taxes Read More »
Nothing brings residents and fans together like the construction of a world-class downtown arena, a visible symbol of the region’s economic and cultural revival. The community continues to celebrate the historic announcement of a 20-year partnership between the Sacramento Kings and Sacramento’s own Golden 1 Credit Union.
Another View: Credit unions are good for California Read More »
Why Credit Unions Are Tax Exempt – Credit unions don’t pay federal income tax because we are not-for-profit financial cooperatives…
Why Credit Unions Are Tax Exempt Read More »
