Forty credit union representatives and Association staff attended CUNA's GAC this week in Washington, D.C. Kansas attendees met with all six members of the Kansas Congressional Delegation on Wednesday afternoon about a number of issues impacting the credit union industry—including comprehensive tax reform, merchant data breaches, the regulatory burden, member business lending, housing finance reform, and more.
Kansas credit unions were featured on CUNA’s Unite for Good board for our efforts through our Make a Difference events:
Don't Tax My Credit Union As part of the GAC, a third Don’t Tax Tuesday event was held the day before the expected release of a comprehensive tax reform proposal. The Don’t Tax Tuesday, hosted by the Credit Union National Association and state credit union associations, uses social media to encourage credit unions, credit union members and other credit union advocates to contact state and federal lawmakers directly with the unified message of "Don't Tax My Credit Union."
Messages included the #DontTaxTuesday and #DontTaxMyCU hashtags and flooded Facebook and Twitter. CUNA estimated 5.3 million people were exposed to the Don’t Tax message.
It seems the credit union tax status has been preserved, based on a CUNA News Now article: “The specific credit union tax status is left untouched in a tax reform plan released Wednesday by House Ways and Means Committee Chairman Dave Camp (R-Mich.), and staff of the tax writing committee have clarified that the proposal has ‘no intention of imposing any additional taxes on credit unions.’"
Trade press and social media kept non-attendees informed. Kansas’ own Chris Wolgamott was featured in a Credit Union Magazine YouTube video discussing his experience as a Crasher three years ago.