CU Tax Exemption May Draw Fire From New Budget Panel: Print Preview
Will Budget Panel Draw a Bead on CUs?
Credit unions dodged a taxation bullet with the latest spending reduction package, but it remains to be seen how long their luck will hold.
Lobbyists for CUNA and NAFCU said the possibility of a fight over tax exemption, coupled with other priorities such as raising the cap on member business loans, is causing them to ramp up their lobbying efforts when Congress returns next month.
CUNA has 12 Hike the Hill events planned in September alone with about 300 people scheduled to attend. There are also three scheduled in both October and November.