Credit Union Tax Status Untouched in Senate Reform Report

The report’s preservation of credit unions’ tax status shows that credit union advocates were heard.

CUNA Sends Field of Membership Reform Recommendations to NCUA

In an important letter to the NCUA, CUNA laid out detailed recommendations for the reform of field of membership requirements.

CUNA Mutual Group Continues Credit Union System Advocacy Efforts in 2015

With support of national and regional advocacy efforts, CUNA Mutual supports the continued strength of the credit union movement.

Merkley Shares Senate Reform Agenda with Credit Unions

Oregon Senator Jeff Merkley recently met with credit union leaders. He shared his vision to reform Senate practices and discussed examples of how the regulatory burden impacts credit unions and members.

As Advocates Make Their Case on the Hill, Tax Reform Proposal Leaves Credit Union Exemption Untouched

Northwest advocates headed to Capitol Hill on Wednesday to press their case for the credit union tax exemption, and they found good news waiting for them: Credit unions’ tax status was left untouched in a tax reform plan released by the chairman of the House Ways and Means Committee.

First Tax-Reform Drafts Expected Soon; Credit Unions Urged to Prepare Next Round of ‘Don’t Tax’

National and regional advocacy leaders are urging credit unions to make plans now for the next “Don’t Tax My Credit Union!” campaign as Congress prepares to focus its attention—perhaps as soon as this week—on tax reform.

Northwest Credit Unions Urge Continued Access to Secondary Market

An analysis of active mortgage lending by Northwest credit unions finds 84% of first mortgages are with institutions approved to sell on the secondary market. As Congress prioritizes GSE reform, the NWCUA and CUNA are advocating for legislation protecting credit unions’ access to the secondary market.

Cheney: All Credit Unions Lose if Any Credit Union is Taxed

Attendees to the NWCUA/CUES Executive Summit got a front row seat to see behind the scenes work CUNA is doing to preserve the tax status and to reduce the regulatory burden.

Stang to Senate: Make Credit Union Tax Exemption a Priority

From the C-suite to the front line, credit union leadership and members are being asked to tell Congress not to tax their credit unions. For NWCUA president/CEO Troy Stang, it’s a mission to walk the talk.

Tax Conversation About to Get “Real” in the U.S. Senate

Credit union managers deciding whether to engage members in grassroots contacts with Congress have another reason to move forward: The Senate Finance Committee leaders confirmed Thursday that they are drafting tax reform legislation and asked their colleagues to determine which tax exemptions are preserved.

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Thousands of Northwest Voices Message Congress in Support of Credit Union Tax Model

In the first two weeks of a national call to action to protect credit unions’ tax status, more than 5,500 grassroots contacts were made with Congress by Northwest advocates.

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Breaking News: Credit Unions are a “Tax Reform Option” According to Senate Finance Committee

In breaking news from the Senate Finance Committee, credit unions were listed as a “tax reform option.” The release of the report naming credit unions specifically as a source of revenue sounds a high-priority advocacy alarm.

Joint Committee Issues Tax Report

With tax reform under the microscope in Congress, the Joint Committee on Taxation released a report this week examining exemptions and other reform ideas. Credit unions were mentioned 35 times, according to an analysis by CUNA.

Credit Union Tax Exemption Expected to Come Before Congress in 2013

“Congress will put everything on the table as part of a larger tax reform discussion,” said NWCUA Vice President of Legislative Advocacy Jennifer Wagner. “We anticipate that protecting our federal tax exemption will be front and center on our legislative agenda next year.”

Credit Union Tax Exemption Mistakenly Included in House Bill

Language threatening the federal credit union tax exemption was discovered when the full text of a House bill based on the Simpson-Bowles commission report was released yesterday. Rep. Dennis Ross, the bill’s drafter and a credit union supporter, said the tax status was included due to a drafting error.

Frank Announces Plans to Retire, Will Not Seek Reelection

Rep. Barney Frank, D-Mass., announced Monday that he would not seek reelection next November. One of the key architects of the Dodd-Frank Financial Regulatory Reform Act, Frank was “a friend to credit unions,” according to CUNA President/CEO Bill Cheney.

Federal Appeals Court Decision Could Delay the Implementation of Several Dodd-Frank Wall Street Reform and Consumer Protection Act Regulations

An improperly conducted cost-benefit analysis could delay the implementation of several regulations.

CMG Hosts Free Compliance Webinars

As the regulatory environment continues to evolve within the credit union marketplace, it’s important to understand emerging regulations and how they impact your credit union and members.