Thousands Dial in for CUNA’s “Don’t Tax My Credit Union” Call to Action

Telling credit union leaders the threat to credit union’s tax exemption is very real, Credit Union National Association (CUNA) CEO Bill Cheney called for mass delivery of a message to Congress: “Don’t Tax My Credit Union.”

“Two-thirds of all credit union members—potentially 63 million people—are willing to contact Congress,” Cheney said, referring to results of a January voter/consumer research poll showing intense credit union loyalty. “Let’s ask them.”

Cheney and the CUNA advocacy team confirmed both House and Senate committees are under pressure to overhaul the tax code as a means of addressing the budget deficit.

Rep. Dave Camp (R-MT), who chairs the House Ways and Means Committee, has already gone on record stating everything is under the microscope.

“We’re not going to take the current code and see what comes out” Rep. Camp was quoted in print reports declaring, “We’re going to take a blank piece of paper and see what goes back in.”

CUNA expects up to 400 groups with tax exemptions to lobby Congress this summer.

“Only credit unions have 96 million members. We’ve got to be louder,” said Ryan Donavan, CUNA’s senior vice president of legislative affairs.

Credit union professionals and grassroots members are being directed to the website Don’t Tax My Credit Union for a direct link to Congress and other advocacy resources. CUNA will launch an intensive online advertising campaign today to promote the consumer-facing website.

“We need millions of contacts to the Hill over the next few months,” CUNA leadership said.

The webinar occurred as the Northwest Credit Union Association (NWCUA) lead a delegation of regional credit union advocates in a spring Hike the Hill trip. The Northwest delegation had face-to-face meetings with their Members of Congress and delivered the message about preserving the credit union tax status.

 

Questions? Contact Lynn Heider: 503.350.2225, lheider@nwcua.org.

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