“Don’t Tax My Credit Union” is a national campaign dedicated to ensuring Congress doesn’t raise taxes on 96 million credit union members nationwide and preserves financial choice for American consumers. Join us today to share your story and tell Congress: Don’t Tax My Credit Union!
This is an urgent message about the future of our credit union. You may have heard that politicians in Washington are considering an overhaul of the federal tax code. We want to alert you to an idea being discussed that could greatly harm DOCO Credit Union and our members.
As a member, you know that DOCO Credit Union is owned and directed by you. Unlike banks that maximize profits for a small group of investors, credit unions exist to serve their members, including working families, small businesses, and the local community. Because we return benefits to our members, we are able to offer higher returns on savings, lower rate on loans, and most importantly, low or no fees. That’s why your credit union is not-for-profit and tax exempt.
Now banks and some politicians in Washington are talking about taxing credit unions like ours, despite the fact that we are not-for-profit. They say we can balance the budget by taxing credit unions, even though credit unions hold only 6% of all financial assets nationwide, and banks hold the rest.
Since credit unions are not-for-profit, taxing credit unions could even destroy credit unions as we know them, eliminating financial choice for consumers.
Moreover, taxing credit unions won’t even scratch our budget deficit. For every $1 in new taxes on credit unions, the government would wipe out $10 in benefits to credit union members and consumers. So taxing credit unions is not only bad for our nation’s economy, a tax on credit unions is really just a tax on you, the member.
That’s why I am writing to urge you to send a strong message to Congress: Don’t Tax My Credit Union!
It’s easy to take action: just visit www.DontTaxMyCreditUnion.org to contact your U.S. Representative and Senators. While here, you can also watch the video below to and learn more about how you can help us tell Congress, “Don’t Tax My Credit Union!”
Click here to send a form letter to your Legislators! It’s a pre-typed letter, all you have to do is fill in your name and contact information, click “go” and you’re done. It’s that simple and each letter counts! It’s up to you to take action and tell Congress that Credit Union members of Georgia do NOT want to be taxed!