Authors Jim Nussle (CEO of America’s Credit Unions) and Juan Fernández Ceballos (president and CEO of Luminate and member of NCBA CLUSA’s Board of Directors) write that proposed changes to the credit union tax status ignore the core purpose of these critical financial cooperatives: people over profits.
“Legislators have a choice: support policies that strengthen financial inclusion or impose unnecessary tax burdens that will hurt millions of Americans if credit unions are forced to cut back on essential services,” they write.
NCBA CLUSA worked with America’s Credit Unions to place the opinion piece in tandem with this week’s Governmental Affairs Conference (GAC) in Washington, DC. As discussions unfold at GAC and beyond, cooperative advocates across the country are calling on lawmakers, industry leaders and community advocates to stand with credit unions. America’s Credit Unions’ Don’t Tax My Credit Union campaign is one way cooperators can unite their voices in support of credit unions and the 140 million Americans who depend on them.