Tax facts relayed to the Treasury Department Office of Tax Policy

As the industry awaits draft tax legislation from Congress, America’s Credit Unions broke down the benefits of credit unions’ tax status in a meeting with the Treasury Department’s Office of Tax Policy on Tuesday.

America’s Credit Unions Chief Advocacy Officer Carrie Hunt, Senior Vice President of Advocacy Greg Mesack, and Head of Regulatory Advocacy James Akin illustrated how any change to credit unions’ tax status would shrink, not grow, Federal revenues in the U.S. economy—citing the $35.9 billion credit unions return in direct financial benefits to households across the country. In addition, the group explained that competition driven by credit unions saves all consumers—including bank customers—$23 billion every year.  

Access these facts and more by engaging in the “Don’t Tax My Credit Union” campaign today.