Skip to main content
;

Blog

A Tax on Credit Unions is a Tax On YOU

Back to Blog

Credit unions like CCU are different than banks. As not-for-profit financial institutions, credit unions put people first. That’s why more than 140 million Americans choose credit unions as their trusted financial partner.

Credit unions show their value everyday as not-for-profit financial cooperatives to their members and the communities they serve. From no- and low-fee accounts and financial counseling to better interest rates on affordable loans and more, credit unions are here to help people achieve their best financial lives.

So What’s The Problem?

Federal lawmakers are working on tax reforms. They need to know how eliminating the credit union federal income tax status would hurt the very people they were elected to serve.

A new tax on credit unions would put your financial well-being at risk. Send a message to your U.S. Representative and Senators now and tell them to oppose any effort to add a tax on credit unions.

There are a few easy ways to have your voice heard in Congress:

1. Fill out the short form at https://www.donttaxmycreditunion.org/#take-action.
2. Send a letter or email to your elected representatives. You can find your US Representative and Congressperson and how to contact them at https://www.congress.gov/members/find-your-member.
3. Here are some facts and key takeaways you can use in your message here: Benefits of Credit Unions and Myths of Banks.