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May152013

Don't Tax My Credit Union!

The credit union mission has always been “people not profits.”


Credit unions are not-for-profit. Star Choice Credit Union, as well as the others, returns earnings directly to our members in the form of higher interest rates and lower fees and loan rates. This is the reason why people love credit union membership and also why credit unions pay no federal income tax.

Some people in Washington want to tax credit unions. As previously stated, credit unions currently offer lower interest rates on loans, lower fees, and higher returns on savings. If the tax exemption is ended, this will result in higher taxes for you and the other 1.5 million credit union members in Minnesota. (Not to mention the other 94.5 million credit union members in America!)

We need your support! We urge you to help us support the “people not profit” mission of credit unions and the American people.

TAKE ACTION NOW and tell your legislators: “Don’t tax my credit union!”

 

Here is how you can help:

Go to the GREAT page of the Minnesota Credit Union Network website and click the “Federal Issues” tab to respond to this Action Alert. (Note: you will need to register first, it will only take a minute!) Also, please encourage your fellow credit union supporters who are not yet GREAT members to sign up at greatcreditunions.org.

 

After you’ve taken action and responded to this alert, you can find more information on this advocacy effort on the Credit Union National Association’s “Don’t tax my credit union” webpage.

Thank you in advance for your support! Together we can take action and prevent the taxing of credit unions.

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