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News & Events
2014 Annual Meeting
Join us for the 2014 Annual Membership Meeting set for Saturday, April 19 beginning at 10 am at the Sheraton Albuquerque Airport Hotel. The Annual Meeting is an opportunity for RGCU members to hear reports on the state of the Credit Union, make comments and suggestions and to ask questions about services and policy. Breakfast will be provided with our compliments. You and one guest are cordially invited. Since seating is limited, additional guests will be charged at the door. Please RSVP to the Member Resource Center by Friday, April 11 to reserve your seat.
Please Tell Congress, “Don’t Tax My Credit Union”You may have heard that politicians in Washington are considering an overhaul of the federal tax code that could potentially lead to the elimination of the credit union federal tax exemption. Banks and some politicians in Washington 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 tax-exempt and not-for-profit, taxing credit unions could 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 and on 96 million Americans.
Credit unions across the country are being proactive so Congress can hear at the outset of the tax reform debate that credit unions are tax exempt because:
• We are not-for-profit.
• We return benefits to members through higher returns on savings, lower rate on loans, and low or no fees.
• Our members are our owners.
That’s why I am writing to urge you 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 there, you can also watch a video, follow our campaign on social media, and learn more about how you can help us tell Congress, “Don’t Tax My Credit Union!”
Please do not hesitate. Take action today and encourage your friends and family members who belong to credit unions to do the same.