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News Now

Washington
'Thankful Thursday' continues CUs' social media support of tax status
WASHINGTON (3/14/14)--Credit unions and their members continue to contact federal
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lawmakers about preserving the credit union tax status--and this time it was to thank House Ways and Means Committee members for not touching credit unions in the committee's draft tax code reforms.

More than one-quarter of a million Twitter users were potentially exposed to the credit union message yesterday through the Credit Union National Association's latest social media blitz, "Thank You Thursday."  It was the latest innovation launched under CUNA's successful "DontTaxMyCreditUnion" campaign, which started in 2013.

CUNA created the "DontTaxMyCreditUnion" effort in anticipation of this year's release of a tax reform draft.  More than one million contacts to the U.S. Congress were generated under that program, first on July 23, then on Sept. 10--and then on the eve of Rep. Dave Camp's release of his tax reform discussion draft last month.

Maintaining the exemption in the Camp proposal was proclaimed a "big win" for credit unions by the press. Nevertheless, CUNA continues to urge credit union advocates to educate lawmakers and consumers alike about the good public policy reasons behind the credit union tax status. Even though the credit union federal tax exemption remained untouched, bank trades are pressing House Ways and Means Committee Chairman Camp to reconsider taxing credit unions.
 
To quickly send a Twitter message, credit union advocates can got to www.DontTaxMyCreditUnion.org and click on the "Tweet Your Legislators" icon at the top. A tweet to a member of the House Ways and Means Committee will automatically populate, or an advocate can create a personal message to legislators on Facebook or Twitter using the hashtag #DontTaxMyCU.
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