SAN FRANCISCO – Credit union chairmen attending the 26th Annual Chairmen’s Roundtable Forum and participating in a simulated “crisis” exercise, concurred credit unions, if faced with the prospect of taxation, should use grassroots lobbying efforts or a “Million Member March” on Washington to fight. In the exercise, conference attendees were divided into 14 roundtable discussion groups of 10 participants each. The groups were challenged with a simulated “crisis” and were asked to come up with a position and strategy to achieve their objectives. The scenario they were presented with was: “Today, legislation was introduced in both the U.S. Senate and House of Representatives that would call for the taxation of all credit unions.” Participants were instructed to act as if they belonged to a steering committee responsible for coming up with an industry-wide position and strategy for dealing with the proposed legislation. In separate discussions, each of the discussion groups took the position that credit unions should fight taxation with all available resources. When asked what steps should be taken to support their positions, the importance of a unified message from CU trade associations was often cited as being key to winning.

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