U.S. credit unions are once again facing pressure over their federal tax-exempt status. Although the current House GOP tax package leaves the exemption intact, banking groups argue that credit unions compete directly with banks and should be taxed.
Credit union leaders warn that removing the exemption would hurt members by raising fees and reducing access to services—especially in underserved communities. Credit unions return billions in value to their members annually and play a crucial role in promoting financial well-being.
Take action now and protect credit unions! Visit https://www.ccul.org/cftc/ to make your voice heard.