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.
Sponsors of defined benefit pension plans will be able to use excess money in their plans to fund the purchase of life insurance for their retirees for the first time.
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.
Two members of the House add support; 218 needed.
They’ve given money and done other things necessary for relationship building with members of Congress’ new deficit cutting panel.