CUNA’s Legislative Outlook – a legislative review in areas of concern and interest to the credit union movement www.cuna.org
We continue our efforts to educate members of Congress regarding the importance of capital reform for credit unions. The number of members sponsoring our supplemental capital legislation has increased steadily, as this continues to be an issue CUNA staff and Hike the Hill participants raise in their meetings with lawmakers.
While we see no immediate threat to the credit union tax status, we are mindful that Congress is likely to engage in comprehensive tax reform next year. While we have always felt prepared for a tax battle, we are taking steps now to be even more sure. We have developed a plan and we are evaluating resources in the event that the tax status comes on direct threat later this year or in the next Congress.