Recent News
Credit Union Insight – Tax Report a Mixed Bag for Credit Union Exemption
The long-awaited working group report to the House Ways and Means Committee on tax reform, released Monday, is a mixed bag for credit unions.
On the one hand, the report from…
Bangor Daily News – Maine’s credit unions break records for members, assets in 2012
PORTLAND, Maine — Local financial institutions grew last year as the backlash to big banks continued, according to finance experts.
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As a result, Maine’s 61 credit unions reached several milestones in…
Highland News Leader – Credit union tax can’t save Illinois
As the Illinois General Assembly continues to grapple with the state’s budget deficit, a statewide “big bank” trade association has undertaken a media campaign to pursue taxation of Illinois’s credit…
Sen. Finance Chair Backs CU Tax Status In MCUN Remarks
WASHINGTON (5/8/13)–“Credit unions’ tax exempt status is not going away, not on my watch,” Senate Finance Committee Chairman Max Baucus (D-Mont.) said in a recent message to Montana credit unions….
NEW: Ways And Means Working Group Tax Reform Report Delivered
The credit union tax status is one of many issues discussed in the just-released report on tax policy reform created by 11 House Ways and Mean working groups and delivered…