If, like me, you are of the 96 million Americans who rely on a not-for-profit credit union for fairly priced financial services, it’s not too late to make your voice heard. Finance Committee leaders are working on a proposal for a new U.S. tax code and Big Banks are asking them to pick the pockets of Credit Union members.
Banks pushing for repeal of credit unions’ federal tax exemption
The Big Banks have armies of lobbyists loaded with cash and they are pressuring Congress to revoke the income tax exemption for not-for-profit Credit Unions. The Big Banks don’t like the competition and they especially don’t like the market pressure that forces them to rein in fees.
Credit Unions have their members, their voices, and their stories. It’s time to use them.