Modern credit unions have lost their way. We must level the playing field and hold them accountable.
01/10/2025
As nonprofits, credit unions are able to avoid many of the regulations and disclosure rules that apply to other financial institutions.
Learn more: https://reformcu.social/4mM2KP4
25/09/2025
Are taxpayers truly benefiting from credit unions’ annual $3.1 billion federal tax exemption? Without clear accountability measures like the Community Reinvestment Act, it remains unclear what exactly taxpayers get in return.
"The credit union lobby’s newly minted leader recently unveiled his strategy to defend the industry’s federal tax exemption: tout their 144 million members to every member of Congress, each of whom has credit union constituents."
As a voter and taxpayer, your voice matters in the growing conversation about credit union industry transparency. Contact your members of Congress today: https://reformcu.social/3K6kCGy
12/09/2025
As credit unions continue to pursue growth and regulators facilitate their expansion, it's important to consider whether their efforts still align with their original mission and if proper oversight is in place for the benefit of our communities.
Credit unions’ free ride on federal income taxes doesn’t make sense anymore, and their once-justified special treatment comes at a cost to the American people.
Although credit unions are nonprofits, they face fewer regulatory and public disclosure requirements than you might expect from a financial institution.
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