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Sunday, March 30, 2025

Wisconsin credit unions rally against proposed federal tax changes

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Shannon Pelky Communications Specialist | The Chamber of Manitowoc County

Shannon Pelky Communications Specialist | The Chamber of Manitowoc County

UnitedOne Credit Union, Shoreline Credit Union, and Holy Family Memorial Credit Union are calling on community members to participate in the "Don't Tax My Credit Union" campaign. This initiative aims to protect the not-for-profit status of credit unions, allowing them to continue providing affordable financial services to families, small businesses, and underserved groups.

In Wisconsin, more than 3.5 million people rely on credit unions for better rates, lower fees, and community-focused programs. Proposed changes to federal tax laws could lead to new taxes on credit unions, potentially increasing costs for members and limiting their ability to address local needs.

"Credit unions are member-owned, not-for-profit financial institutions that prioritize serving our members’ financial needs," said UnitedOne CEO Kim Rooney. "Taxing credit unions impacts our mission to help hardworking individuals, families, and small businesses thrive financially. We need your support to ensure our mission continues."

Residents of Wisconsin are encouraged to contact their congressional representatives to oppose these taxes. More information about the campaign can be found at www.donttaxmycreditunion.org.

The three credit unions have been part of the local community for over 60 years.

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