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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 […]

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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

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Credit unions have a prudent regulator, not a ‘cheerleader’

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.

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Setting the record straight regarding credit unions and taxes

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

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