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Tax committee staff clarifies: No intention to impose additional tax on CUs--including UBIT

CUNA News Now Headlines 2/27/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

Tax committee staff clarifies: No intention to impose additional tax on CUs--including UBIT

It is not the intention of the House Ways and Means Committee to impart any additional taxes on federal credit unions, the committee staff clarified in response to inquiries by CUNA. The exchange occurred just hours after House Ways and Means Committee Chairman Dave Camp (R-Mich.) unveiled his tax code reform plan. More

Financial Services members spotlight CU support at GAC podium

Key House Financial Services Committee members are looking out for credit unions, and they detailed what they are doing to ensure credit unions are protected in remarks at Wednesday's CUNA 2014 Governmental Affairs Conference session. More

Millions exposed to 'Don't Tax' message by CUNA social media blitz

Nearly 5.3 million Twitter and Facebook followers were exposed to the credit union message Tuesday through the latest "Don't Tax My Credit Union" social media event--hosted by CUNA and state credit union associations on the eve of Rep. Dave Camp's (R-Mich.) expected release of a tax code reform draft. More

Udall rallies GAC to support MBL legislation

Sen. Mark Udall (D-Colo.), called "a true credit union friend" when he was introduced by Scott Earl, president of the Mountain West Credit Union Association at CUNA's 2014 Governmental Affairs Conference, urged credit union advocates to continue pressing for passage of higher member business lending authority. More

Risk-based capital rule comments due 90 days from today

The risk-based capital rule proposed by the National Credit Union Administration at its February open board meeting--and hotly discussed by credit unions since--is scheduled to be published today in the Federal Register. More

Begich promises to 'twist arms' to raise MBL cap

Sen. Mark Begich (D-Ark.) on Wednesday repeated his commitment to work relax regulatory limits on credit unions' ability to make member business loans. More

Hoyer tells GAC to push Congress on clarity in tax code

House Minority Whip Steny Hoyer (D-Md.) on Wednesday morning urged credit union industry stakeholders gathered in Washington to push the U.S. Congress to agree to long-term tax reform. More

Mich. CU members benefited by $226M in '13, league reports

In 2013, Michigan credit union members benefited to the tune of $226 million for being part of the credit union community, according to the Community Reinvestment Report from the Michigan Credit Union League. More

For Braley, CUs are a longtime choice

U.S. Rep. Bruce Braley (D-Iowa) reminded CUNA's 2014 Governmental Affairs Conference audience Wednesday that he supported credit unions before he was voted into office. More

Kilmer: MBLs create local jobs

U.S. Rep. Derek Kilmer (D-Wash.) praised credit unions for creating jobs locally through member business lending during remarks made Wednesday at CUNA's 2014 Governmental Affairs Conference. More

CU in the street: Talking to GAC first-timers

There were an estimated 650 first-time attendees at CUNA's 2014 Governmental Affairs Conference, and one of them, Willie Hannah, waited a long time to get there: He is a 42-year veteran of his credit union's board. More

Internet domain name just for CUs is on its way

A new Internet domain name just for credit unions, .creditunion (dot credit union), is just about a reality. More

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