CU tax status untouched as Congress passes tax reform bill

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.”