Credit Unions are different than banks. 

They are not-for-profit financial institutions, where people are put first. There are 4,617 credit unions in the United States, with 1.2 million jobs provided by credit unions nationwide. There are more than 140 million Americans served by credit unions. Tell your lawmakers – a tax on a credit union is a tax on me.

America Needs Credit Unions
Credit Unions got their start in the U.S. (after the great depression) when banks refused to serve working Americans. Credit Unions provided a needed alternative so families, farmers, small business owners, and others left behind by banks had financial options. For more than 100 years, people have come together to be a part of Credit Unions, not-for-profit financial cooperatives, and support each other through tough financial times.

Congress recognized the importance of the Credit Union movement and provided Credit Unions with the federal income tax status to ensure they continued to meet the needs of underserved people and communities. For more than 100 years, people have come together to be a part of credit unions, not-for-profit financial cooperatives, and support each other through tough financial times. The federal income tax status of credit unions ensures they can continue to meet the needs of underserved people and communities. Credit Unions pay billions in state and local taxes each year. The only exception is the federal income tax on profits. And that’s because those profits are returned to you as a credit union member in the form of better rates and lower fees. It is also important to note that dividends paid to credit union members mean they pay the taxes on those profits. That’s why a tax on a credit union is a tax on you.

Now Credit Unions Need Your Help
Federal lawmakers are working on tax reforms. They need to know how eliminating the Credit Union federal income tax status would hurt the very people they were elected to serve. We must act together now to ensure lawmakers understand that a new tax on credit unions is a tax increase on more than 140 million Americans.

This is a critical issue. A new tax on Credit Unions would put your financial well-being at risk. Send a message to your U.S. Representative and Senators now and tell them to oppose any effort to add a tax on Credit Unions. Remember - a tax on credit unions is a tax on you.