WASHINGTON—CUNA is making available “toolkits” for its member CUs and the leagues to use to combat banker attacks on the credit union tax exemption.
The toolkits, CUNA explained, contain resources to demonstrate the wide variety of public benefits that exist due to the existence of not-for-profit financial cooperatives.
“Bankers seem to take the occasion of Tax Day each year as the chance to spread false narratives about credit unions, their tax status and their members,” said CUNA President/CEO Jim Nussle in a statement. “Fortunately, credit unions have facts and research to highlights the numerous public policy benefits to every American due to the existence of credit unions, and we’re empowering our member credit unions to push back against these falsehoods wherever necessary to set the record straight.”
‘False Bank Attacks’
The resources include information that can be used to respond to “false bank attacks” through letters to the editor and op-eds in local and regional publications, and include graphics for social media highlighting CUNA’s recently released white paper on the credit union tax status, as CUToday.info reported here.