NAFCU Mulls Its Role Amid Attacks At The State Level

The National Association of Federal Credit Unions (NAFCU) says it is monitoring the situations in several states where taxes have been proposed on state charters, but has no firm plans to act.

"If there are ways we can help, then we will give it every consideration," said NAFCU President Fred Becker.

During the most recent meeting of the joint CUNA/NAFCU Coordinating Council, Becker said he told CUNA that NAFCU is "very concerned with what is happening at the state level. We made an offer and that was the end of it."

Becker said that any further action on NAFCU's part would require a decision on the part of the trade group's board. At issue are tax proposals in state legislatures that have been made or proposed in Utah, Iowa, New Mexico and California.

"I'm very concerend about the potential to spill over into other states and the long-term implications for credit unions," Becker said.