Time Is Running Out

As your trusted, not-for-profit financial partner, MembersOwn Credit Union is sounding the alarm. The tax-writing committee in Congress is drafting the new tax bill right now—and Wall Street bank lobbyists are working overtime to convince lawmakers to tax credit unions like ours.

But taxing credit unions really means taxing you.

Because MembersOwn is a not-for-profit financial cooperative, we are exempt from corporate federal income taxes. That allows us to reinvest our earnings into better loan rates, higher savings returns, fewer fees, and personalized service for our members—not profits for shareholders.

If credit unions lose this exemption, you’ll pay the price:

• Higher interest rates on loans

• Lower returns on your savings

• More fees

• Reduced access to affordable, community-first services

Wall Street wants to take what credit unions give back.
We can’t let this happen—not now, not ever.

If you haven’t contacted your lawmakers yet, now is the time.
Congress is making decisions that could change your financial future, and they need to hear from you.

Let your U.S. Representative and Senators know: Don’t Tax My Credit Union! It only takes a minute, but it makes a big impact.

TAKE ACTION NOW

 

Already Sent a Message? Don’t Stop Now.

Thank you for standing up for MembersOwn and the credit union movement. But we need to keep the pressure on while the bill is being written.

Please consider making a quick phone call or sending a letter to your lawmakers’ offices.

Phone Script – Protect My Credit Union

Hello, my name is [First and Last Name], and I’m a constituent from [City, Nebraska] and a member of MembersOwn Credit Union.

I’m calling to urge [Senator/Representative Last Name] to oppose any legislation that would tax not-for-profit credit unions.

Credit unions like mine return earnings to their members through better rates, lower fees, and strong community service.

A tax on credit unions is a tax on me—and more than 140 million Americans who rely on them.

Please tell [Senator/Representative Last Name] to stand with working families and our communities.

Protect the credit union tax exemption—and don’t tax my credit union.

Thank you for your time, and I appreciate your support.

 

Letter Template – Don’t Tax My Credit Union

Here is a fillable letter template to send to your senators and representative.

Dear Senator/ Representative,
As a proud member-owner of MembersOwn Credit Union, I am writing to urge you to oppose any efforts to impose new taxes on not-for-profit credit unions.

Credit unions like mine exist to serve members, not to maximize profits.
Unlike banks, credit unions reinvest earnings into better rates, lower fees, and more personalized service for people like me and over 140 million Americans who choose credit unions as their financial partner.

If Congress removes the federal tax exemption for credit unions, that cost will fall on me—as a working person, a saver, and a borrower.

Please do not let Wall Street lobbyists succeed in weakening credit unions just to boost bank profits. A new tax would:
• Raise my loan interest rates
• Lower the return on my savings
• Increase the cost of basic financial services
That’s not just a tax on credit unions. It’s a tax on me.

For 90 years, Congress has recognized credit unions’ vital role in providing affordable, community-centered financial services. I hope you will continue to support that mission by protecting the credit union tax status.

Thank you for your time and your service. I respectfully urge you to stand with credit union members and tell your colleagues: Don’t Tax My Credit Union.
Sincerely,

Your Name

Street Address

City, State, ZIP