A Tax on Credit Unions Is a Tax on You.

A tax on credit unions is a tax on you

The tax-exempt status of credit unions is at risk when key tax provisions expire in 2025.

A tax on your Credit Union is a direct tax on you and more than 140 million Americans who rely on credit unions as their trusted financial partners. Last year, credit unions provided over $35 billion in total consumer financial benefits, and we contributed over $396 million in benefits to our Members.

Why this is a tax on you

Our not-for-profit, federal tax-exempt status allows us to invest in your financial well-being through:

• Better savings rates for higher returns on your savings.
• Lower loan rates to provide you with more affordable loans.¹
• Low-to-no fees on our products and services.
• Products and services tailored to your unique needs.

For over 90 years, SchoolsFirst FCU has been a beacon of financial support for school employees and their families, helping them through every phase of their financial journey. Every dollar we have to pay in taxes is a dollar less that we can use to support you.

Please let your lawmakers know that a tax on your Credit Union is a tax on you.