Don’t Tax My Credit Union Spotlight: Sound Members Sound Off to Congress

For two weeks in July, members of Tacoma-based Sound Credit Union inked their support for the credit union corporate tax exemption by signing petitions posted in branches. The petition signing was timed to coincide with the July 26 “deadline” for U.S. Senators to share their tax reform ideas with the Senate Committee on Finance. Credit union advocates want to ensure the credit union tax status is maintained regardless of whatever direction legislation may take.

Before the petition drive even started, Sound members had already made nearly 800 direct email contacts to Congress through the “Don’t Tax My Credit Union” site established by the Credit Union National Association (CUNA). The petition drive was even more successful as 1,151 signatures were gathered—all of which will be forwarded to Congress.

“This is a critical time in the credit union industry,” said Richard Brandsma, president and CEO. “Between emails, petitions, and comments to our staff, our member-owners have shown us that we’re in this fight together. They want to make sure that there is always a financial institution option that is looking out for their best interest.”

For other Northwest Credit Union Association (NWCUA) member credit unions participating in the campaign to preserve the credit union tax model, resources are available on the NWCUA’s Truth Speaks website. They include sample petitions, social media sharing resources, and Northwest-specific messages for Congress.

 

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

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