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Wall Street banks are lobbying Congress to impose new taxes on credit unions — a direct attack on the 140 million Americans who choose credit unions as their trusted financial partner. To send a clear message to your members of Congress, please take action now. It only takes one minute and is the most direct, powerful way to ensure CCU can continue serving you the way we do today. | |
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Despite credit unions holding just 9% of the market, big banks want to eliminate the competition by pushing for legislation that would force credit unions to pay taxes. If they succeed, the impact will be personal: higher fees, fewer benefits, and reduced access to our no-fee checking accounts that return dividends to members, not shareholders. | |
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As not-for-profit cooperatives, credit unions like CCU do not pay federal corporate income taxes. We do pay local property and school taxes that go back to supporting our communities. Our cooperative structure means we return value to members like you in a variety of ways, including more affordable loans, better returns on savings, and lower fees. | |
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CCU is a not-for-profit financial institution. We return our profits back to our members in the form of lower rates and better returns. | |
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We are owned and operated by the people we serve. We focus on serving you, our member, instead of a small group of stockholders. | | |
