Congress is considering legislation that would allow credit unions to expand their membership and business lending capacity. We urge you to write Congress to express your concern about the legislation’s lack of requirement for credit unions to prove their service to underserved communities. Credit unions must be held accountable for the financial services they provide to low- and moderate-income individuals and businesses. Contact your lawmakers and ask them to reject the credit union industry’s latest attempt at charter enhancement.
Modern credit unions have outgrown their preferential tax and regulatory treatment and have escaped proper scrutiny for too long. While credit unions continue to evolve and expand beyond the scope of their original mission, American taxpayers are picking up the bill.
Tell policymakers it’s time to examine and modernize the laws and regulations for credit unions.
Send a letter to your member(s) of Congress and take action today.
Credit unions are abusing their tax-exempt status, and have enjoyed an unfair advantage for far too long. While credit unions continue to grow beyond what’s fair, Americans are picking up the bill.
Tell policymakers it’s time to examine and modernize the laws and regulations for credit unions.
Visit ABA’s grassroots website to send a letter to your member(s) of Congress and take action today.
Copyright © 2021 American Bankers Association | About this Campaign
