Congress and the new presidential administration have a long list of priorities they want to address. That includes tax policy, with key elements of the 2017 Tax Cuts and Jobs Act set to expire at the end of 2025. These priorities cost money – and that means they’ll look at every angle for funding.
Credit unions have previously fought this fight – and won. Now it’s time to do it again. We must make it clear the credit union tax status is vital for Americans’ financial well-being, with a significant negative impact. If credit unions can’t invest in their more than 140 million members nationwide, communities will feel the financial strain.
Your credit union plays an essential role in mobilizing advocacy efforts to support the credit union tax status. Take action today through Connect for the Cause and tell your legislators loud and clear: Don’t Tax My Credit Union!