America's Credit Unions actively engaged with State of the Union

With President Donald Trump delivering his State of the Union address Tuesday evening, America's Credit Unions' advocacy team was actively engaged leading up to and during the speech to advocate on credit union priorities. America's Credit Unions President/CEO Scott Simpson outlined credit union priorities in an op-ed ahead of the speech, and the association launched a nationwide ad campaign to continue to urge opposition to Durbin-Marshall credit card mandates.

The speech spanned foreign and domestic policy, including economic trends. The president specifically highlighted tax provisions of H.R. 1 and the creation of Trump Accounts to help American families build generational wealth.

“America’s Credit Unions supports the President’s desire to increase affordability for working class families across our country," said Simpson. "[Tuesday's] address highlighted the importance of expanding access to safe, affordable financial tools that help Americans build stability over time. Proposals like Trump Accounts reflect a growing recognition that long term financial security begins with access to trusted, community-based institutions. Credit unions stand ready to partner in these efforts by helping families save, borrow responsibly, and plan for the future with people-first financial services designed to prioritize their consumer members, not shareholders.”

While reports leading up to the speech indicated President Trump may outline additional calls for tax reform, those were not included in the State of the Union. America's Credit Unions is closely monitoring Administration and congressional efforts to pursue and will continue to relentlessly advocate to preserve the credit union industry's tax status.