ABA, ICBA in town for conferences that have taxing credit unions high on the agenda.
Banks' Subchapter S exemption not on president's targeted tax savings list.
NAFCU, CUNA invited to House Ways and Means working group session on Thursday as part of tax reform initiative.
Veteran lobbyist says working groups include two on credit union radar and that credit unions not stated target, so far.
As credit unions hunker down in defense of their federal tax exemption, the industry does have one thing in its favor. There are no known enemies among leadership on the House Ways and Means or Senate Finance Committees.
These powerful leaders oversee financial institutions and the NCUA, originate tax reform and wield considerable influence.
Trade group hits the Hill as Congress begins new session.
There is strong evidence of a “grand bargain” being agreed to by Congress and the White House by year-end in order to avert a dramatic impact on the economy.
CULC hosts fundraiser for Rep. John Larson, Ways and Means member and chair of the House Democratic Caucus.
“It has never been about the power or mission of the credit union,” CUNA chief pens panel leaders in reply to ABA testimony.