X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – The Democratic Leadership Council, the centrist Democratic group which has been promoting a tax reform plan which would strip credit unions of their tax exemption includes NAFCU as a member. NAFCU has been a member for three years, according to Murray Chanow, NAFCU’s senior lobbyist, as part of a plan which sees the group join different Washington political groups to keep the ears of lawmakers. Chanow explained, however, that the Progressive Policy Institute, which is the think tank associated with the DLC, is largely separate from the DLC and does not share staff so there was no way the DLC, nor its members, would have necessarily known the details in the tax reform proposal. “Personally, I just think they had some proposals that they were trying to pay for so they looked through the CBO documents and threw in that line about credit unions,” he said. “It was definitely a failure of due diligence on their part.” CUNA is not currently a member but was until a few years ago, according to CUNA spokesman Pat Keefe.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.