Tax exemptions

Along with amendments to the Bank Secrecy Act, the Taxpayers First Act could help credit unions maintain their tax-exempt status.

A banking lobbyist recently quoted in Credit Union Journal is painting an inaccurate picture of the industry and its tax exemption.

Despite continued growth and regulatory victories, this year saw challenges on a number of fronts that could have lingering – and even negative – consequences for the industry in 2019 and beyond.

CUNA and NAFCU have asked lawmakers to include a variety of specific provisions in an update to the 2017 tax reform package.

The industry and its allies have their work cut out for them navigating the political standstill.

Amid a push to re-examine the tax status for large credit unions, let's look at the reality of the benefits they provide to CUs a fraction of their size.

Bankers would be better off cleaning their own houses and focusing on deregulation efforts, instead of going after credit unions, suggests NAFCU's Carrie Hunt.

After making the switch from banks to CUs four years ago, the CFO of American First Credit Union loves the movement – but he has some thoughts on how it can improve.

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.

Credit unions nationwide celebrated a recent victory for the CU tax status in Iowa, but bigger battles in more states could be just over the horizon.