House Ways and Means Committee Chairman Dave Camp (R-Mich.), in a memo to Republican committee members, said he plans to release draft reforms to the U.S. tax code the week of Feb. 24 ( Bloomberg BNA, Politico Feb. 19). The Credit Union National Association will have 4,300 credit union advocates hitting... More
The specific credit union tax status is left untouched in a tax reform plan released Wednesday by House Ways and Means Committee Chairman Dave Camp (R-Mich.), and staff of the tax writing committee have clarified that the proposal has "no intention of imposing any additional taxes on credit unions."... More
Fairfax County Federal Credit Union CEO Joe Thomas took advantage of the Congressional August recess to meet with Rep. Frank Wolf (R-10) on Monday.
Wolf, a credit union member himself, co-sponsored the milestone Credit Union Membership Access Act (H.R. 1151) in 1998, demonstrated his usual caution when... More
Bronco Federal Credit Union CEO Brian Hedgepeth, joined by staff members Pam Vaughan and Pam Lease, met with Rep. Randy Forbes on Wednesday as part of our effort to stay in touch with lawmakers during the August recess.
Advocates began the meeting seeking the Congressman’s current stance on the credit... More
Credit union advocates from Chartway Federal Credit Union and ABNB Federal Credit Union held a frank discussion with Rep. Scott Rigell on Monday in his district office on the credit union tax exemption and other topics.
ABNB CEO Carl Ratcliff joined with Chartway representatives -- Kim Little (Regional... More
Rep. Morgan Griffith (R-9th) is quoted in Eastman Credit Union's recent newsletter as supporting the preservation of credit unions' tax exemption.
U.S. Representative Morgan Griffith supports the mission of credit unions and he understands the important role that credit unions play... More
Rep. Rob Wittman (R-1) once again pledged his support of the credit union tax exemption and promised a letter on qualified mortgages to the National Credit Union Administration (NCUA) when Representatives from 1st Advantage Federal Credit Union and BayPort Credit Union met with him Monday in his district... More
WASHINGTON (7/24/13 UPDATED 11:10 a.m. ET)--More than 875,397 people, including members of Congress and their Twitter followers, saw the "Don't Tax My Credit Union" message on the Credit Union National Association's DontTaxMyCU Tuesday.
The message that lit up Twitter reached its mark... More
That’s the message in the Alexandria-based CommonWealth One FCU's educational video that explains the cooperative business model and how benefits of the credit union tax advantage are passed on to members. The effort is part of CUNA and the Leagues' “Don’t’ Tax My Credit Union” campaign.
(From CUNA's News Now)
WASHINGTON (7/22/13)--Maximizing the power of social media to make a single-day punch for credit unions in advance of a Senate deadline for tax reform recommendations is the drive behind 'DontTaxMyCU Tuesday,' a Twitter event sponsored by the Credit Union National Association and... More
Virginians have made more than 9,000 contacts to Congress urging them keep the credit union tax exemption.
DuPont Community CEO Gerald Hershey has posted on the DCCU website the letter sent out to members, which reads in part: "Taxing credit unions like DCCU could destroy credit unions as we know... More
In Letters to Sens. Warner and Kaine, League Asks for Their Leadership on Preserving CU Tax Exemption
Last week, in letters to Sens. Mark Warner and Tim Kaine, your League asked for their leadership in helping preserve the credit union tax exemption.
Sen. Max Baucus, who is helping lead the Senate's tax reform effort, has asked all his fellow senators to forward their thoughts by July 26, on which tax... More
Earlier this week League President Rick Pillow attended a fundraiser for Del. Kathy Byron, a Lynchburg delegate who sits on House Commerce and Labor. Her special guest was Congressman Bob Goodlatte (R-6), who told Pillow that he supports the tax exempt status for credit unions. We also read in the Eastman... More
BayLands reports that it has asked its Board to go through “donttaxmycreditunion.org” and send emails to our Senators and Congressmen. Staff have been asked to do the same. Members will be asked in the credit union’s newsletter this month.
The credit union reports that they have had at least... More
Representatives from Virginia Credit Union… both staff and members … and staff from Entrust and Chesterfield as well as the League and the chairman of the League’s Governmental Affairs Committee met with two staffers from Rep. Eric Cantor’s district office in Glen Allen on Thursday... More
The Credit Union National Association reports that nationally credit union members have made 102,512 contacts to Representatives and Senators through the www.donttaxmycreditunion.org website and telephoning. Virginia alone contributed 5,766 contacts. This is an amazing response to our campaign for our... More
The threat level of credit unions of tax reform--raised by the release June 13 of a "tax options" paper by the Senate Finance Committee--is explored in the latest episode of "Inside Exchange," the Credit Union National Association's video series of key legislative, regulatory and... More
Credit unions and their members already are heeding the call from the Credit Union National Association and the state credit union leagues to deliver this message to federal lawmakers: Don't Tax My Credit Union. And CUNA continues to add resources to its Tax Status Toolkit to support advocacy efforts... More
The credit union tax status is one of many issues discussed in the just-released report on tax policy reform created by 11 House Ways and Mean working groups and delivered to the Joint Committee on Taxation.
The 550-plus page report does not contain any policy recommendations, but lists the pluses and... More
Ninety-six million members' voices could potentially be heard in support of credit unions as Capitol Hill tax reform discussions continue in the coming weeks, Credit Union National Association Executive Vice President of Strategic Communications Paul Gentile wrote in a Wednesday CUinsight.com ... More
The Credit Union National Association is vigorously defending the credit union tax exemption as the U.S. Congress continues to consider broad tax code changes.
However, "the days of playing defense are coming to an end--and the time for actively advocating for a continued tax exemption is here,"... More