Association News
Free National Tax Advocacy Webinar Wednesday, Register Today | Monday, 20 May 2013


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.









Tax Talk Kicks Off CUNA Inside Exchange Video Series | Thursday, 16 May 2013

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

CUNA and Leagues Mobilizing 96 Million Members to Preserve CU Tax Status | Wednesday, 15 May 2013

dont tax my cuThe 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

Additional Resources:

Don't Tax My Credit Union Site
CUNA Credit Union Tax Advocacy Toolkit

Don't Tax My Credit Union! | Tuesday, 14 May 2013

dont tax my cu

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

IRS Reminds CUs Of May 15 Form 990 Deadline | Monday, 13 May 2013

State-chartered credit unions and other tax-exempt organizations must file their 990 forms by May 15 or risk losing their tax-exempt status, the Internal Revenue Service reminded on Friday.

State-chartered credit unions are required to file Form 990 with the IRS annually, although a few states still permit group 990 filings. Federal credit unions are not required to file, since they are not subject to unrelated business income taxes.  Read More

Room Block Nearly Full for MRCUR | Friday, 10 May 2013

The room block is nearly full for the 29th Annual Mountain Regional Credit Union Roundtable (MRCUR) taking place July 9-11, 2013 in West Yellowstone, Montana and hosted by the Montana Credit Union Network with joint sponsors Mountain West Credit Union Association and Idaho Credit Union League.  Join fellow credit union CEOs, managers, executives, and volunteers this summer for the conference that has been nicknamed "The Conference for Champions".

Conference Registration:

Conference registration deadline: June 23, 2013 - $499 per person

Guest registration deadline: June 23, 2013 - $174 per person

Hotel reservation deadline (or whenever the room block fills): June 10, 2013 - Holiday Inn West Yellowstone

For more information or to register, click here.

CFPB Proposes CUNA-sought Credit Rule Delay | Wednesday, 08 May 2013

The Consumer Financial Protection Bureau has favorably responded to the Credit Union National Association's recent request that the agency delay a June 1 effective date relating to the prohibition on financing certain credit insurance charges. The provision is contained within the bureau's mortgage loan originator compensation rule.
 
The CFPB told CUNA it will seek comment for 15 days on a proposed delay.
 
CUNA had expressed concern that certain language within the new rule needed clarification, and that a June 1 effective date of this prohibition could upend practices at some credit unions. However, CUNA does not support the financing of actual single premium insurance charges.  Read More

CFPB Proposes CUNA-sought Credit Rule Delay | Wednesday, 08 May 2013

he Consumer Financial Protection Bureau has favorably responded to the Credit Union National Association's recent request that the agency delay a June 1 effective date relating to the prohibition on financing certain credit insurance charges. The provision is contained within the bureau's mortgage loan originator compensation rule.
 
The CFPB told CUNA it will seek comment for 15 days on a proposed delay.
 
CUNA had expressed concern that certain language within the new rule needed clarification, and that a June 1 effective date of this prohibition could upend practices at some credit unions. However, CUNA does not support the financing of actual single premium insurance charges.  Read More

CFPB Sets Oct. 28 Remittance Compliance Date | Thursday, 02 May 2013

As expected, the Consumer Financial Protection Bureau didn’t implement any changes credit unions were seeking to its final remittance rule, but the regulator did give remittance providers six months to comply, announcing an Oct. 28, 2013 effective date.

In the final rule issued Tuesday, remittance transfer providers will be required to disclose certain fees and taxes, as well as the exchange rate that will apply to the transfer.

The rule also provides consumers with error resolution and cancellation rights.  Read More

NCUA/OSCUI Workshop in Denver | Friday, 26 April 2013
The NCUA’s Office of Small Credit Union Initiatives is hosting a credit union workshop in Denver on May 18, 2013.  This free program will feature industry partners, hot topic issues and information on growth products for credit unions.  CUNA Mutual will provide "Hidden in Plain Sight," a thrilling exposè on employee dishonesty followed by a working lunch covering fair lending, strategic planning, and compliance hot topics at our breakout sessions.  Click here for additional details or to register.
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