A Message from CUNA Mutual Group: Look Beyond the Bottom Line

CUNA Mutual Group shares how it reinvests in the credit union movement through advocacy, research, and more.

Most Credit Union Products Not Subject to Unrelated Business Income Tax, IRS Memorandum Says

The Internal Revenue Service has issued a memorandum that clears nearly all credit union products from being subject to Unrelated Business Income Tax. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a credit union run a promotion in which everyone who applies for a car loan is entered to win a prize?”

IRS Pays Up After UBIT Smackdown

Members and employees of the Colorado based Bellco Credit Union are all smiles this week after the credit union received three IRS checks totaling over $291,000 as the result of the favorable outcome of their legal challenge to UBIT.