X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — Credit unions have until Thursday to send in their form 990 to the Internal Revenue Service, stating that they are exempt from federal income tax.

This is the first year that many individual credit unions must file the form themselves, rather than having state credit union leagues file one form for all the state-chartered credit unions. The IRS has said that having each credit union file forms will make it easier for them to determine if they are offering services that are subject to the unrelated business income tax. However, a handful of leagues are continuing to file group 990s.

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.