tax exemption

Nussle highlights benefits of tax status, funding levels in FY25 budget letters

America’s Credit Unions President/CEO Jim Nussle wrote to the House Appropriations Subcommittee on Financial Services and General Government and the Senate Finance Committee ahead of its hearings on the president’s fiscal year 2025 budget proposal.  In the letter to the Senate Finance Committee, Nussle reiterated the importance of the credit union federal tax exemption. He …

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Hunt to Congress: Credit unions deliver meaningful impact

America’s Credit Unions Chief Advocacy Officer Carrie Hunt followed the hundreds of congressional meetings at the 2024 Governmental Affairs Conference with a message to Congress highlighting credit unions’ meaningful impact despite concerning proposals and misleading bank attacks. “Our top advocacy priority is protecting the interchange system from bad proposals in Congress and the Federal Reserve,” …

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Nussle, Bratsakis response to ‘radically wrong’ attack on tax status

A core argument made recently against the credit union tax status is “radically wrong,” America’s Credit Unions President/CEO Jim Nussle and MD|DC Credit Union Association President/CEO John Bratsakis posted on LinkedIn Tuesday. “The fact that credit unions are growing is proof that Americans are recognizing the credit union difference – not proof that credit unions …

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Nussle: Credit union tax status is a responsibility to consumers

The credit union tax status is a responsibility for credit unions to put people over profits, America’s Credit Unions President/CEO Jim Nussle wrote in American Banker. Nussle highlighted that—despite bank falsehoods—the data shows the reality behind the credit union difference. “Credit union members saw more than $21.5 billion in economic benefits from September 2022 to …

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America’s Credit Unions calls out inaccurate attack on industry

America’s Credit Unions Chief Advocacy Officer Carrie Hunt wrote to National Taxpayers Union (NTU) President Pete Sepp to call out inaccuracies in a recent blog post. “While Mr. Bishop-Henchman and Mr. Putnam may be knowledgeable about tax policy, they clearly do not understand credit unions, the purpose they serve in the financial services industry, nor …

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Nussle challenges banks to think about 43M vulnerable Americans

In a new op-ed in American Banker, America’s Credit Unions President/CEO Jim Nussle hits back against bank lobbyists’ “old, tired attacks against the credit union industry” and challenges the bankers to “[spend] less time thinking about us, and more time thinking about the 43 million Americans who are currently considered financially vulnerable and in need …

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America’s Credit Unions priorities: Protect, empower, advance credit unions

America’s Credit Unions looks to build on the strong foundations of its legacy organizations to ensure credit unions and those they serve can thrive financially. America’s Credit Unions President/CEO Jim Nussle wrote to congressional leaders and the heads of regulatory agencies Tuesday, to outline the policy priorities the new organization will advance for the industry. …

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