Credit Union Tax Status Preserved—Thanks to You!

The House Ways and Means Committee’s draft bill maintains the existing credit union tax exemption. 

Because of your leadership, your engagement, and your members’ voices, the House Ways and Means Committee has reaffirmed what we’ve long known to be true: Credit unions are not-for-profit, member-owned financial cooperatives that return meaningful value to the communities they serve. 

Over the past several months, credit union leaders, staff, and members across New Jersey and Pennsylvania mobilized with a powerful, unified voice—sending messages, making calls, meeting with lawmakers, and championing what sets credit unions apart. 

“This is a clear and hard-earned victory for credit unions, their members, and the communities they serve,” said Patrick Conway, CrossState President & CEO. “It didn’t happen by chance. It happened because credit unions showed up—loudly, persistently, and united.” 

Read the full news release here for more details, and please share the great news with your credit union members, staff, and local partners who raised their voices alongside us.