Free National Tax Advocacy Webinar Wednesday, Register Today
|WASHINGTON – More details of the joint CUNA/state league "Don't Tax My Credit Union" campaign will be revealed during a free Wednesday Webinar at 3 p.m. ET.
The national Webinar on the credit union tax status will feature a legislative briefing on the tax situation facing credit unions and valuable information on the tools CUNA and state leagues are providing to help credit unions join the fight to preserve the credit union tax exemption.
CUNA and affiliated state leagues last week launched a large-scale, nationwide grassroots-mobilization campaign urging the nation’s 96 million credit union members to deliver a united message to Congress: "Don't tax my credit union!"
The campaign is being launched at a time when Congress has made broad-based tax reform a major priority. The initiative will urge Capitol Hill lawmakers as part of any final tax reform plan to preserve the federal tax exemption credit unions receive as not-for-profit, member-owned cooperatives.
"It's rare that credit unions call upon their members to take action, but our members will be the best spokespeople we have, especially on an issue as vital to our future as this," CUNA President/CEO Bill Cheney said.
Registration for the free Webinar is available here.
Additional information on the “Don’t Tax My Credit Union’ campaign is available at www.donttaxmycreditunion.org.
CUNA’s Credit Union Tax Status Advocacy Toolkit is available here.
The Credit Union National Association is launching a new regular video feature today called "Inside Exchange." CUNA has launched the new communications tool to give members insight into what's happening in Washington, D.C., in the legislative, regulatory and political arenas.
In the inaugural video, CUNA President/CEO Bill Cheney and Executive Vice President of Strategic Communications and Engagement Paul Gentile dive into efforts to preserve the credit union tax exemption, including more about CUNA's new "Don't Tax My Credit Union" campaign. Read More and Watch the "Inside Exchange" video HERE
The Credit Union National Association and its affiliated state credit union leagues have launched a large-scale, nationwide grassroots-mobilization campaign urging America's 96 million credit union members to deliver a united message to the U.S. Congress: "Don't tax my credit union!"
The campaign is being launched at a time when the U.S. House and Senate have made broad-based tax reform a major priority. The initiative will urge lawmakers as part of any final tax reform plan to preserve the federal tax exemption credit unions receive as not-for-profit, member-owned cooperatives. Read More
Don't Let Congress Tax Our Credit Unions!
Unfortunately, the big banks and some in Congress want to raise taxes and impose new fees on 96 million credit union members who represent 40% of all Americans, yet represent only 6% of the assets in financial institutions. And, they want to do this despite the fact that credit unions are not-for-profit and meeting their core mission every day.
Visit Don't Tax My Credit Union.org to learn more and take action!
More information can be found in CUNA’s Credit Union Tax Advocacy Toolkit
|Cheney urges MBL-bill passage in multistate radio tour
WASHINGTON (8/16/12)--With members of Congress back in their home states this month, Credit Union National Association (CUNA) President/CEO Bill Cheney took to the airwaves in a series of radio interviews on why Congress should enact legislation to raise the cap on credit union member business lending (MBL)
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The nine-member Colorado delegation to Washington announced last week it is working together as a bipartisan group to wring as much help as it can from the federal government to address the wildfires presently raging in the state, fouling the air across hundreds of miles of Front Range, racking up enormous sums in damages and displacing tens of thousands of residents.
“The [Obama] administration has assured us that fighting these fires is a top priority, and local emergency responders are acting valiantly. We need every level of government dedicated to containing these fires and ensuring the safety of Coloradans and the health of our forests. The Congressional delegation is unified in working together with all hands on deck to extinguish these devastating blazes.” Read More
The United States Conference of Mayors has encouraged members of the U.S. Senate to support "efforts to strengthen small businesses and local economies" by voting in favor of the Credit Union Small Business Jobs Act (S. 2231), which would increase the credit union member business lending (MBL) cap.
S. 2231, which could come up for a Senate vote at any time, would increase the MBL cap to 27.5% of assets. The Credit Union National Association (CUNA) has estimated that lifting the MBL cap to 27.5% of assets, from 12.25%, would create 140,000 jobs and inject $13 billion in new funds into the economy during the first year after enactment. Both benefits come at no cost to taxpayers. S. 2231 currently has 22 Senate co-sponsors. Read More