Newsroom

NAFCU staff is actively engaged with policymakers, experts and industry leaders on tax reform and affordable housing, sharing the credit union industry's perspective at recent events.

Today, NAFCU Regulatory Affairs Counsel Ann Kossachev is attending a Bloomberg Government event on the future of affordable housing. NAFCU and its member credit unions understand the significant role credit unions play in the housing market to help consumers – especially low-income borrowers – afford mortgages.

The purpose of the event is to discuss the nation's housing crisis in which affordable, quality multifamily homes are in short supply. The focus of the discussion will be how local, state, federal and private-sector stakeholders can work together to address the issue and ensure a strong housing market that meets Americans' needs.

The event begins at 8 a.m. Eastern; the full speaker lineup is available here.

NAFCU also represented credit unions at an event last week sponsored by The Hill, "Cracking the Tax Code: Prospects for Reform," where lawmakers, tax policy experts and business leaders talked about the effects lower tax rates would have – on businesses, individuals and the economy as a whole – and potential for bipartisan cooperation on making the tax code fairer.

NAFCU is monitoring tax reform efforts – a key topic this week as the Senate works on its budget resolution that could open the door for easier tax reform passage – to ensure credit unions' tax exempt status is not impacted. Republicans recently unveiled a tax reform framework that makes no changes to credit unions' federal tax exemption. It does propose changes to individual and business tax rates.

NAFCU encourages credit unions to contact their lawmakers and share their thoughts on the need to preserve the industry's tax exemption, highlighting its importance to the industry, consumers and the economy as a whole. More information is available at NAFCU's Grassroots Action Center.