WASHINGTON — NAFCU senior staff met last week with Treasury Assistant Secretary for Tax Policy Eric Solomon who reiterated that the department is not looking to tax credit unions.

Solomon and other senior staff at Treasury discussed credit unions and their issues with NAFCU President/CEO Fred Becker, Senior Vice President of Government Affairs Dan Berger and Associate Director of Regulatory Affairs Tessema Tefferi. One particular topic of conversation was the credit union tax-exemption.

During the meeting, NAFCU gleaned further assurance of the administration's positive view of credit unions. "It was a positive discussion," Becker said. "We appreciated the opportunity to meet with Mr. Solomon and look forward to a continued, productive relationship with this key policy office on behalf of our member credit unions."

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.