Credit union leaders thanked Senator Wyden for helping to protect credit unions’ tax status and for introducing a bill that would allow increased credit union lending to small businesses.
Credit unions must submit their checks using a simple form by January 16 for funds to count towards 2014 fundraising totals.
Credit unions are being urged to thank members of the House Ways & Means Committee for protecting the credit union tax exemption with a “Thank You Thursday” social-media campaign designed to combat a new wave of attacks from bank lobbyists.
U.S. Rep. Denny Heck became the first member of the Washington delegation to add his name to the Capital Access for Small Businesses and Jobs Act this week, saying “supplemental capital lets us avoid the perverse situation of successful credit unions having to turn away deposits.”
Congressman Rick Larsen (D-WA) agreed to co-sponsor H.R. 1081, the Consumers Payment System Protection Act, which would delay implementation of the proposed interchange rule for one year while the impact is studied.