Credit Union Advocacy Aided in Removal of IRS Reporting Proposal

FOR IMMEDIATE RELEASE   
October 28, 2021
Washington, DC

 CUNA, Leagues, and credit unions launched national grassroots effort in opposition to the proposal

Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after Congress removed the Internal Revenue Service (IRS) reporting proposal from the framework of the reconciliation bill:

“Credit unions and their members made their voices heard loud and clear over these past few months, and the result is a victory for all consumers,” Nussle said. “CUNA, Leagues, and credit unions engaged Congress continuously during this process and showed them how this proposal would have hurt consumers, harmed financial inclusion efforts, and created serious data privacy concerns. This is a clear-cut example of our fierce, bold 360-degree advocacy in action.”

Credit union members and employees from across the country have sent more than 785,000 messages to Congress, pushing back against the administration’s proposal. CUNA and the Leagues called on President Biden and Congressional leadership to withdraw the proposal.

"CUNA, the Leagues, and credit unions use a collaborative approach to advance credit union advocacy. Rather than simply calling the Capitol switchboard, we’re building connections on the Hill to make sure our voice is heard today and trusted tomorrow.”

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 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 120 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. To find your nearest credit union, visit YourMoneyFurther.com.

CONTACT:
Lauren Williams
CUNA Communications
202-672-3396