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A tax on credit unions is a tax on you.
Credit unions have helped underserved people and communities access the financial products, services, and resources they need to thrive. With proposed changes to our tax-exempt status, we risk losing what makes us unique, and that will affect how we serve you, our member-owners, and your vibrant communities.
The credit union movement is 140 million strong, and now is the time to act. Join us in preserving the credit union tax exemption, so we can continue our mission to serve your every financial need with lower rates, fewer fees, and higher rates on savings.
How You Can Protect Your Credit Union
Send a clear message to your Congressional Representatives to let them know you support credit unions. Click below to visit DontTaxMyCreditUnion.org. Using the Take Action tool only takes one minute and is the most direct, powerful way to ensure Cyprus Credit Union can keep investing in our members instead of Wall Street and returning our profits to you.
Why Credit Unions Are Needed
Credit unions have provided a needed alternative for underserved people and communities for decades, opening doors that traditional banks have shut. Farmers, small business owners, and others left behind by banks on Wall Street have made credit unions their trusted financial partner.
Congress recognized the importance of the credit union movement and provided credit unions with the federal income tax status to ensure they continued to meet the needs of underserved people and communities. Credit unions pay billions in state and local taxes each year. The only exception is the federal income tax on profits. And that’s because those profits are returned to you.
More and more people across the country are joining you in choosing to belong to a credit union because they witness the power and benefits of the credit union movement to strengthen the financial well-being of individuals and communities.
You have the chance to make a difference. Take Action and contact your Congressional Representatives by clicking below.
