CU tax status untouched as Congress passes tax reform bill
WASHINGTON, DC (December 20, 2017) — Both the House and Senate passed tax reform legislation that leaves the credit union tax status untouched. Earlier this week, CUNA released its analysis of the bill.
“Credit unions said loudly and repeatedly throughout this process that any change to the credit union tax status amounts to a direct tax increase on 110 million Americans, and Congress heard our message,” said CUNA President/CEO Jim Nussle. “With tax reform complete, we’re focused on much-needed regulatory relief for credit unions and American consumers.”
About CUNA
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
