We Need Your Support!
A Tax On Credit Unions is a Tax on 96 Million
Credit Union Members
JACom Credit Union, like all credit unions, is a member-owned, not-for-profit, cooperative institution. As a member you know that JACom Credit Union is owned and directed by you. Unlike banks that maximize profits for a group of investors, credit unions exist to serve their members. Because we return profits to our members, we are able to offer higher returns on savings, lower rates on loans, and offer low or no fees on other services.
Like similar cooperatives, our not-for-profit status has always meant we are tax exempt. But today, that not-for-profit tax exempt status is being threatened in Congress by lobbyists from the for-profit banking industry. If Congress bows to the whim of these big banks, it may result in credit unions being taxed and therefore less affordable financial services for our members. In short, banks want to force everyone to do business at a bank.
We can stop the big banks if we have the help of you, our members. It’s easy to take action: just click here to Connect for the Cause and click on the "Take Action" link to register and send email letters to your U.S. Representative and Senators. Let them know not to tax your Credit Union. We appreciate your support!
PLEASE JOIN THE OVER 96 MILLION U.S. CREDIT UNION MEMBERS and Connect for the Cause.