Your Voice is Needed in the Tax Fight!

As employees and board members of credit unions, it’s imperative that as the state's trade association for credit unions, we keep you informed about potential threats to credit unions and your ability to provide members the best possible financial services.

​As not-for-profit financial cooperatives, credit unions do not pay the federal corporate income tax on profits. Our people-first, member-owned structure means we instead return those earnings to our members in a variety of ways, including more affordable loans and better returns on savings.

But there are Wall Street bank lobbyists and politicians in Congress who want to tax credit unions, which really means a new tax on every person who uses our credit union and the more than 140 million other Americans who choose a credit union as their financial partner.

This is a significant threat to the future of credit unions. By putting a new tax on not-for-profit credit unions, the big Wall Street banks know they can eliminate competition and increase bank profits. But it doesn’t make sense to put a new tax on credit unions – ultimately a new tax on people who choose to keep their money in a credit union instead of a bank.

You know firsthand the impact your credit unions has on the people it serves. That’s why your voice and action are so important. Minnesota Credit Unions are united in helping our members succeed financially. This effort on Capitol Hill puts our efforts – and members – at risk. 

​Please act today to contact your U.S. Representative and Senators and tell them Don’t Tax My Credit Union through our easy-to-use GREAT Action Center. ​