STATEMENT on Senate Finance Budget Reconciliation bill provisions from America's Credit Unions...

Jim Nussle

“America’s Credit Unions, leagues, credit unions, and the 142 million consumers our industry serves thank Senate Majority Leader John Thune and Senate Finance Committee Chairman Mike Crapo for understanding the credit union difference and protecting the credit union tax status in H.R. 1. Credit unions have tremendous impact on Main Streets across the country and work every day to strengthen our communities and people's lives. We appreciate the Senate Finance Committee’s support and will continue to keep the momentum until the bill is sent to the President’s desk."  – Jim Nussle, America’s Credit Unions President/CEO
 
Additionally for your convenience, I am attaching an email sent earlier today to the U.S. Senate showing our continued efforts to protect the financial well-being of credit unions and the 142 million Americans who rely on them. Also included is a roundup of America's Credit Unions' advocacy effort to ensure the U.S. Senate kept the credit union tax status secure:
 
America's Credit Unions has been preparing a unified advocacy strategy for tax policy discussions for the past year, recognizing that many of the 2017 Tax Cuts and Jobs Act provisions would expire in 2025. America's Credit Unions PAC, in partnership with leagues, identified credit union champions to support during the 2024 election cycle. Following the presidential election, the credit union industry came together to further develop its tax strategy.
 
Through the Don't Tax My Credit Union campaign, which began laying the groundwork with lawmakers during swearing-in events in January, America's Credit Unions, leagues, and credit unions have:
 

• Met with Senate Majority Leader John Thune, Speaker of the House Mike Johnson, House Majority Leader Steve Scalise, Senate Finance Committee Chairman Mike Crapo, House Ways and Means Committee Chairman Jason Smith, House Financial Services Committee Chairman French Hill
• Met with the White House National Economic Council, Office of Management and Budget, and Treasury Department (6x)
• Contacted all Senate offices with key data on the credit union difference
• Generated more than 850,000 grassroots letters directly to lawmakers
• Launched digital ad campaign targeting key tax writers and congressional leaders that has generated over 128 million ad impressions and engaged over 191,000 activists

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