Northwest Credit Unions Urged to Have Members Sign Petitions July 15-26

Northwest credit unions have generated more than 12,000 direct contacts to Congress through the Don’t Tax My Credit Union website since it’s late May launch.

Their message: preserve the cooperative credit union tax model. The timing is important as Congress heats up its discussion on tax reform legislation that could eliminate some tax exemptions. The Senate Finance Committee recommends starting the process with a “blank sheet” approach that forces organizations with tax exemptions, to justify preservation. For credit unions’ 94 million members, the impact could be serious.

The Credit Union National Association (CUNA) launched the “Don’t Tax My Credit Union” site as a direct link between consumers and Congress. More than 300,000 grassroots contacts have been made nationally, CUNA reports. The Northwest Credit Union Association (NWCUA) launched the Truth Speaks website with Northwest-specific videos, data, community impact reports and social media shares to compliment the “Don’t Tax” effort.

While the national website allows industry tracking of messages to lawmakers, in-branch petitions offer a quick and easy consumer response to compliment to online outreach.

Spokane Teachers Credit Union, taking a positive “love letter” approach to the tax threat, is scheduled to present petitions to members visiting branches during the weeks of July 15-26.

“It’s such a positive idea, we’d like to see all of our credit unions offer in branch petitions during these weeks,” said Lynn Heider, vice president of communications and public relations for the NWCUA. “During the Oregon bank lobby’s unsuccessful effort to impose higher taxes on some credit unions, Unitus Community in Portland collected hundreds of signatures in their branches. Rivermark Community CU likewise directed their members to sign our online petition. It takes just minutes to get a signature but it’s effective.”

A sample petition is available on the member password-protected website.

 

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

Posted in Advocacy News, Compliance, Compliance News, CUNA, Federal, NWCUA.