Policymakers should celebrate, preserve credit union tax status

by America's Credit Unions

As the Senate Banking Committee prepared for today’s hearing on the impacts of 2025 tax reform, the decades-long, proven value of the credit union tax status headlined an op-ed by America’s Credit Unions President/CEO Jim Nussle.

“For more than 90 years the credit union tax status has proven itself as one of the U.S. government’s best investments,” stated Nussle in the Real Clear Markets op-ed Tuesday.

Taxes are getting increased Congressional attention.  In addition to today’s hearing, the Senate Finance Committee’s held a hearing on tax avoidance last week as credit unions and state Leagues reinforced the positive impact of the credit union tax status on consumers and communities during visits to Capitol Hill.

“Credit unions are built differently. They operate differently. At their core, they care about their members and their financial well-being and will work with them to achieve their financial goals. Their tax-exempt status ensures that,” Nussle wrote.

 

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