Organization argues that removing exemption would be "de facto tax increase."
The Wisconsin Credit Union League will be among guest speakers at a small business panel hosted by U.S. Rep. Ron Kind (D-La Crosse) next week.
Since the earliest days of American history, concerns about tax policy have prompted individuals and groups to express their opinions, sometimes in dramatic ways. The Pennsylvania State Employees Credit Union has never dumped tea into a harbor, but its political awakening began when Congress considered imposing taxes on credit unions.
The former chair of the NCUA, JoAnn Johnson, is going back to supervising credit unions. Johnson was named last week by Iowa Gov. Terry Branstad as the state's new superintendent in the Iowa Division of Credit Unions.
The former chair of NCUA, JoAnn Johnson, was nominated Tuesday by Iowa Gov. Terry Branstad as superintendent of the state's Division of Credit Unions.
Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.
Rep. Kendrick Meek (D-Fla.), who received $5,000 from both CUNA's and NAFCU's PACs in his fight for an open Senate seat, was projected to finish third by the Associated Press.
As the nation's budget deficit continues to grow, the government may be looking for new sources of revenue. Therefore, formerly sacred cows such as credit unions' tax-exempt status may go the way of VCRs and rotary phones.
Though the political action committees of CUNA and NAFCU backed the unsuccessful Senate candidacy of Rep. Mike Castle (R-Del.) the PACs had some successes yesterday as well.
As the fall campaign season kicks into high gear, CUNA's political action committee has $1 million in its coffers for upcoming political activities.