ACFCU Members: We need your help! The new Congress and administration are moving fast on tax reform, which could mean adding a new tax on credit unions and on the members they serve, including you. We must act now to ensure lawmakers understand that a new tax on credit unions is a tax increase on more than 140 million Americans.

Credit unions got their start in the U.S. when banks refused to serve working Americans. They provided a needed alternative so families, farmers, small business owners, and others left behind by banks had financial options.

For more than 100 years, people have come together to be a part of credit unions, not-for-profit financial cooperatives, and support each other through tough financial times. ACFCU is proud to have served our community for more than 90 of those 100 years. 

Congress recognized the importance of the credit union movement and provided credit unions with the federal income tax status to ensure they continued to meet the needs of under served people and communities. Credit unions pay billions in state and local taxes each year. The only exception is the federal income tax on profits. And that’s because those profits are returned to YOU, our members.

More and more people across the country are joining you in choosing to belong to a credit union because they witness the power and benefits of the credit union movement to strengthen the financial well-being of individuals and communities.

Click here to tell Congress: Don’t tax my credit union—it’s a tax on me!

Read more:

Credit Union Difference

Credit Union Tax Status

Credit Union Fast Facts