Northwest Delegation Hikes the Hill to Advocate for Credit Unions this Week
May 21, 2013
May 21, 2013
Ten veteran advocates from Northwest credit unions are with Northwest Credit Union Association (NWCUA) leadership in Washington, D.C. for meetings with Members of Congress this week.
For the advocates, the timing of the Spring Hike the Hill could not have been better. Federal tax reform is a priority in both the House and the Senate this summer, and the Joint Committee on Taxation has already issued a lengthy report on existing tax exemptions.
The Northwest delegation has time scheduled with four legislators who are in key finance and budgeting decision-making positions. Senators Maria Cantwell (D-WA) and Ron Wyden (D-OR) are on the Senate Finance Committee. Rep. Earl Blumenauer (D-OR) and Rep. David Reichert (R-WA) are on the House Ways and Means Committee.
“We appreciate the opportunity to further educate our Representatives and Senators about the reasons for our tax structure and the how it helps working class American members,” said Jennifer Wagner, vice president of legislative advocacy for the NWCUA. “Because we are not-for-profit, our structure allows us to charge lower fees and offer better interest rates to our members. Our structure as cooperatives is what determines the corporate tax exemption.”
Hike the Hill visits will set the stage for the next step, which is a strong grassroots campaign, Wagner noted.
The Credit Union National Association (CUNA) is calling on credit unions and their members to fire up a grassroots messaging campaign to Congress. Last week, CUNA unveiled a website, donttaxmycreditunion.org offering resources for the outreach.
The Northwest advocates also have meetings scheduled this week with Washington Reps. Denny Heck, Derek Kilmer and Jaime Herrera Beutler, and Oregon Reps. Kurt Schrader and Suzanne Bonamici. Key staff members for Oregon Sen. Jeff Merkley and Washington Sen. Patty Murray will also be briefed by the Northwest advocates.
Questions? Contact Lynn Heider: 503.350.2225, email@example.com.