What’s been very telling is that only a quarter of credit unions are lobbying through CUNA's campaign to protect the tax exemption.
Tax reform debate as it pertains to the credit union tax exemption shifted into high gear when bank lobby groups strongly advocated last week for its elimination as Congress mulls tax reform options from various working groups.
Republican, Democrat solons send trades scurrying to respond as letter to colleagues notes tax code is "littered with special interests."
Former CUNA chief said he sees no major changes coming until Republicans "get their act together."
Two bank lobby groups strongly advocated last week for its elimination and Congress begins writing tax reform legislation.
As of June 10, more than 1,500 credit unions–about one in four–were actively participating in CUNA’s three-week-old Don’t Tax My Credit Union initiative, according to Richard Gose, senior vice president of political affairs.
Senate committee’s option papers termed a wakeup call by industry trades.
Trade group says campaign has generated more than 65,000 messages to Congress in three weeks.
CUNA shoots back in campaign aimed at rallying members across the land to speak up for tax exemption.