CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Credit union tax status preserved in tax reform bill
Press

Credit union tax status preserved in tax reform bill

December 15, 2017

FOR IMMEDIATE RELEASE

Contact: Vicki Christner – CUNA Communications; 202-329-9950; vchristner@cuna.coop

Washington, DC (December 15, 2017) – The credit union tax status remains unchanged in the final tax reform bill unveiled today.

“Credit unions made their voices heard through every step of the tax reform process that any change to the tax status is unacceptable and amounts to an extra tax on 110 million Americans,” said CUNA President/CEO Jim Nussle. “CUNA, leagues and credit unions’ fierce advocacy efforts throughout the process resulted in this win, and now we look to build off this momentum and push Congress to enact meaningful, common-sense regulatory reform for credit unions.” 

The House passed its tax reform bill last month, followed by the Senate in early December. CUNA’s advocacy resulted in a provision being removed from the Senate bill that would have imposed new Unrelated Business Income Tax requirements.  

The House and Senate are expected to vote on the measure next week. CUNA is currently analyzing the specifics of the bill and will release an analysis of its impact on credit union operations in the coming days. 

###

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 110 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. 

Credit Union Magazine - Spring 2021

Spring 2021

Credit Union Magazine’s Spring 2021 edition features CUNA's 2021 advocacy agenda, strategic planning guidance, and labor market insights.
Digital Edition •  Subscribe

Trending

  • Federal, state regulators release updates to BSA/AML Examination Manual

  • FHFA Extends forbearance, foreclosure and REO eviction moratoriums

  • PODCAST: GAC preview, part 1

Tweets by CUNA_News

Polls

Who should be the 2021 Credit Union Hero of the Year?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors