Connecting with policymakers in D.C. to secure the credit union tax status

Congress is in session through the end of June to work on several priorities, and Senate Committees are working on their portions to create the Senate version of the budget reconciliation bill. To help keep up the advocacy momentum, Leagues and credit unions are holding in-person meetings in Washington, D.C. to urge Senators to secure the credit union tax status and thank House members for their help in keeping credit unions out of H.R. 1, The Big Beautiful Bill Act.  

The League of Credit Unions and Affiliates, Navy Federal Credit Union's Stephanie Sykes, IBEW26 Federal Credit Union's Joshua Urbick, and Apple Federal Credit Union's Joseph Thomas met with several members of their states’ delegations, including Sen. Tim Kaine, D-Va., Rep. Eugene Vindman, D-Va., and Rep. Nikema Williams, D-Ga. Kaine is a member of the Senate Budget Committee.

The Cooperative Credit Union League joined America’s Credit Unions and met with Rep. Richard Neal, D-Mass., ranking member of the House Ways and Means Committee, and Rep. Gabe Amo, D-R.I.

The Senate Banking Committee has already released its section of the budget reconciliation bill – including several provisions of interest to credit unions -  and the Senate Finance Committee is likely to release its provisions (which would cover tax matters) within the next week.

With action still underway on the budget reconciliation bill, outreach to elected officials is vital to preserve the credit union tax status. Credit union advocates, including staff, board, and members, can send messages to Congress using the Don’t Tax My Credit Union website. America’s Credit Unions has other resources for credit unions to engage officials, local media, and more.