
The Credit Union National Association Thursday participated in a House Ways and Means Committee briefing on the credit union tax status, talking to four members of the powerful tax-policy committee and about 15 staffers. CUNA President/CEO Bill Cheney underscored that the U.S. Congress conveyed an exemption from federal income tax to state- and federally chartered credit unions because of their ownership structure and special mission. Read More
Good Public Policy Dictates CU Tax Status
Participating today in a House Ways and Means Committee staff briefing on the credit union tax status, Credit Union National Association President/CEO Bill Cheney underscored that the U.S. Congress conveyed an exemption from federal income tax to state- and federally chartered credit unions because of their ownership structure and special mission. Read More
CUNA Ads Accent CU Difference To Hill Audience The Credit Union National Association is keeping the difference between credit unions and banks fresh on the minds of lawmakers, running new ads in key Capitol Hill news sources as banking groups make scheduled visits to Washington in the coming days. "Credit unions really are different, and it's important to make sure members of Congress recognize that," CUNA Senior Vice President of Political Affairs Richard Gose said. Read More |
U.S. House members showed interest in regulatory relief for credit unions, and outlined some of their own plans for credit union action, during a Wednesday hearing in which the Credit Union National Association released a 35-point plan for relieving credit union regulatory burden. Read More
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