tax-exempt status

• Tax Exemption Repeal Would Cost Billions: NAFCU

  By David Morrison  |  September 24, 2012

  Ending credit unions federal tax exemption would cost the country billions in lost revenue and jobs, according to a study commissioned by NAFCU.

• Ending Tax Exemption Would Cost Revenue and Jobs, Study Claims: Onsite Coverage

  By David Morrison  |  September 12, 2012

  WASHINGTON – Ending credit unions’ federal tax exemption would cost the country billions in lost revenue and jobs, according to NAFCU.

• IRS Tells CUs How to Resolve Tax-Exempt Snafu

  By Heather Anderson  |  August 27, 2012

  Letter lays out how credit unions told they have no tax exemption can prove that's not so.

• Cheney to House Ways & Means: CU Tax Status About Structure

  By Heather Anderson  |  August 3, 2012

  “It has never been about the power or mission of the credit union,” CUNA chief pens panel leaders in reply to ABA testimony.

• NAFCU Returns to White House to Talk Member Business Lending

  By Heather Anderson  |  May 22, 2012

  CEO Fred Becker, chief lobbyists ask Obama aide to support raising MBL cap, help ensure preservation of tax-exempt status.

• NAFCU to House Committee: Subchapter S Bank Tax Break Larger Than CU Exemption

  By Heather Anderson  |  May 16, 2012

  Wednesday’s House Ways and Means Committee hearing wasn’t supposed to challenge the tax exempt status of credit unions. However, NAFCU isn’t taking any chances.

• IRS to Some CUs: You Are Not Tax Exempt

  By Claude R. Marx  |  September 18, 2011

  Some state-chartered credit unions have been told by the Internal Revenue Service that they are no longer tax exempt because the IRS hadn’t received their 990 forms.

• Trades Working With CUs, IRS on Exemption Issue

  By Claude R. Marx  |  September 15, 2011

  Agency says not filing forms threatens tax-exempt status for some state-chartered CUs.

• IRS Telling Some CUs They Aren’t Tax Exempt

  By Claude R. Marx  |  September 15, 2011

  State-chartered CUs told problem is with filing Form 990.