5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA has greeted Tax Day 2015 by placing several ads today in Washington, D.C.-based publications, reminding both policymakers and consumers of the benefits Americans derive from the credit union tax status.“These ads are setting the record straight that 102 million credit union members paid a total of $1.2 trillion in taxes in 2014; there’s no need for a new tax on these middle-class families,” said Jim Nussle, president/CEO of CUNA. “There’s a big difference between banks and credit unions. Our tax status is due to our not-for-profit business model. Credit unions aren’t paying profits into the pockets of wealthy investors like the big banks do; credit unions are investing their members’ money back into their communities.”The ads also serve to put banks on notice–those that would attack the credit union status–that such attacks are quite simply anti-consumer.“The banks have been on a tireless pursuit to tax not-for profit credit union,” said CUNA Chief Political Officer Richard Gose discussing the ads with News Now . “A tax on credit unions is a tax on 102 million working middle-class families.” continue reading »
Target/MasterCard settlement deal dead
Apple Pay and EMV security
Save my name, email, and website in this browser for the next time I comment.