A not-for-profit credit union is all about providing great financial services to its members. That’s its sole purpose, distinguishing a credit union from other financial institutions, particularly a bank. A bank’s first priority is to maximize shareholders’ profits – from the rates and fees charged to its customers for loans and services. But you might lose ALL of the benefits you enjoy at Mutual Savings Credit Union unless Congress hears loud and clear from members like you that you want us protected as part of federal tax reforms.
A credit union – not-for-profit and owned by its members – typically offers lower rates on loans, higher returns on savings and lower or fewer fees for services. A credit union can do that because its emphasis is on providing financial services to members at reasonable costs and returns – not by amassing profits from them.
By making financial services more affordable, a credit union helps you reach your goals and improve your financial well-being.
You might say a bank uses people to make money – but a credit union uses money to help people.
If the savings and service you enjoy at Mutual Savings Credit Union are important to you, please take a moment to ask Congress to preserve credit unions’ tax status as part of tax reforms occurring now. Without that, you could lose the many benefits you enjoy.
Visit DontTaxMyCreditUnion.org to send a pre-written email to your Member of Congress today, or call them toll-free at 877-642-4223. Simply tell them, “Don’t Tax My Credit Union!”