Texas Delegation Backs CU TaxExemption

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AUSTIN, Texas - (09/20/04) -- More than half the Lone StareState's 32 House members, the second largest congressionaldelegation, have gone on record in support of the credit union taxexemption. The Texas CU League, as part of its response to thebanks' 'Operation Credit Union,' has collected signatures of 22 ofthe state's House members, including Majority Leader Tom DeLay,endorsing the tax exemption. The campaign to get as manycongressmen on record on the tax issue is aimed at neutralizing thebankers' efforts to gain support for their efforts to repeal thetax exemption. "We have a duty to let our members know where theirCongressional representative stands on taxing credit unions, sincea tax on credit unions is a tax on our members," said DickEnsweiler, president of the Texas league, as well as chairman ofCUNA.

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