Free National Tax Advocacy Webinar Wednesday, Register today
The national Webinar on the credit union tax status will feature a legislative briefing on the tax situation facing credit unions and valuable information on the tools CUNA and state leagues are providing to help credit unions join the fight to preserve the credit union tax exemption.
CUNA and affiliated state leagues last week launched a large-scale, nationwide grassroots-mobilization campaign urging the nation’s 96 million credit union members to deliver a united message to Congress: "Don't tax my credit union!"
The campaign is being launched at a time when Congress has made broad-based tax reform a major priority. The initiative will urge Capitol Hill lawmakers as part of any final tax reform plan to preserve the federal tax exemption credit unions receive as not-for-profit, member-owned cooperatives.
"It's rare that credit unions call upon their members to take action, but our members will be the best spokespeople we have, especially on an issue as vital to our future as this," CUNA President/CEO Bill Cheney said.
Registration for the free Webinar is available here.
Additional information on the “Don’t Tax My Credit Union’ campaign is available at www.donttaxmycreditunion.org.
CUNA’s Credit Union Tax Status Advocacy Toolkit is available here.
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NC and SC league boards recommend consolidation
COLUMBIA, SC and RALEIGH, NC (5/9/2013)—In independent meetings held May 9, the boards of directors of the South Carolina Credit Union League (SCCUL) and North Carolina Credit Union League (NCCUL) voted to recommend that member credit unions in both states approve consolidation of the two leagues. The votes acknowledge that the resulting league would be stronger and better positioned to serve credit unions in the Carolinas for years to come.
The new league would draw financial strength and stability from a broader base of credit unions to serve, a solid equity position, and league service corporations with track records of success. The consolidation of talented staff from both organizations would allow the new league to enhance its delivery of core association services: advocacy, compliance, and professional development.
“Our board sees great promise in bringing together these two leagues,” said NCCUL Chairman Maurice Smith. “Consolidation provides clear value and sets us on a path to successfully meet the changing needs of credit unions in the Carolinas.”
“Our board has concluded that a consolidated league creates a financially strong organization that can deliver powerful and effective advocacy in Columbia, Raleigh, and Washington, DC for years to come,” shared SCCUL Chairwoman Faye Crocker. “We are excited about this opportunity and look forward to sharing more about our vision for the new league with credit unions in the coming weeks.”
Each league will share details with its member credit unions in May and June. Final membership votes in each state are expected by September with a proposed effective date of January 1, 2014 for the new league.
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McGrail: Carolinas Cup a huge success, raised more than $59K for VJC
KERNERSVILLE (5/3/13)—Thank you to all of you who participated in the Ninth Annual Carolinas Cup held March 24-26 at the Ballantyne Resort. Once again your overwhelming generosity made this year’s event a huge success. The golf event combined with the auction evening raised close to $60,000 and will allow the North and South Carolina credit unions to once again co-sponsor a week of camp at Victory Junction. Thanks to you, no one coming to camp July 14-18 will have to pay anything to attend. That is a huge gift made possible by your giving and on behalf of the camp and the Carolinas Credit Union Foundation I want to say how much you are appreciated.
Credit unions’ commitment to Victory Junction is a very special thing. As Richard Petty noted at the Auction, “Credit unions have been there before the beginning [of the camp] and have been a big part of it ever since.”
We are looking forward to next year being the tenth Carolinas Cup, as well as the tenth year of Victory Junction. In a very generous move, Kevin Tennyson will be partially sponsoring twenty first-time attendees next year at $100 each. I want to sincerely thank Kevin and all of the CUNA Mutual team for putting together such a wonderful event. In total, the Carolinas Cup has raised close to $450,000 for the camp! I want us all to make sure that the tenth Carolinas Cup is the biggest ever so make plans now to attend and give generously.
Speaking of July 14, the Foundation is once again holding a welcoming party for the campers coming that week which will host children with Rheumatologic disorders, bleeding disorders, and gastrointestinal disorders. Please plan to come out that Sunday afternoon and help us turn the driveway into a camp party. Parents have told me how much it means to them to see the credit union folks all along the driveway holding up signs, waving, and shouting their greetings. I hope you will plan to bring your credit union’s team and make this a huge beginning to the campers’ week.
More details will come soon. Thank you for all you do for the camp, for the CCUF, and for continually creating the credit union difference in our communities.
John P. McGrail, CCUE, CFSP, CUCE
Carolinas Credit Union Foundation
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South Carolina Credit Union League & Affiliates
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