Jan. 24, 2013 – Credit unions seeking tools to head off and repel banker attacks on the credit union tax exemption are encouraged to download and use the data from NAFCU’s landmark tax exemption study, association Executive Vice President of Government Affairs Dan Berger said Wednesday.
“Our tax exemption study is available for any credit union in any state that needs quantitative and qualitative data to fight off attacks on their tax exemption,” he said. “The comprehensive study has state-specific information and analysis, so it can be utilized coast-to-coast.”
Berger discussed the tax study in a recent email to all credit unions in Oregon. His message responds to a report by Marvin Umholtz, and paid for by the Oregon Bankers Association, attacking the credit union exemption. Berger urged the credit unions to use the NAFCU data to counter the report in their own contacts with elected officials in Oregon.
“While baseless bank attacks on credit unions are nothing new, the environment on Capitol Hill is ripe for elements of bipartisan-bicameral tax reform this Congress,” Berger wrote. “There has never been a more important time for the credit union industry to demonstrate the value of the credit union tax exemption and what it means for consumers, job creation and the broader economy.”