DON'T TAX MY CREDIT UNION
You may have heard that politicians in Washington are considering an overhaul of the federal tax code. We want to alert you to an idea being discussed that could greatly harm Members United and our members.
As a member, you know that Members United is owned and directed by you. Unlike banks that maximize profits for a small group of investors, credit unions exist to serve their members, including working families, small businesses, and the local community. Because we return benefits to our members, we are able to offer higher returns on savings and lower fees. That's why your credit union is not-for-profit and tax exempt.
Now banks and some politicians in Washington are talking about taxing credit unions like Members United, despite the fact that we are not-for-profit. They say we can balance the budget by taxing credit unions, even though credit unions hold only 6% of all financial assets nationwide, and banks hold the rest.
Since credit unions are not-for-profit, taxing credit unions could even destroy credit unions as we know it, eliminating financial choice for consumers.
Moreover, taxing credit unions won't even help our budget deficit. For every $1 in new taxes on credit unions, the government would wipe out $10 in benefits to credit union members and consumers. So taxing credit unions is not only bad for our nation's economy. A tax on credit unions is really just a tax on you the member.
That's why we are urging you send a strong message to Congress: "Don't Tax My Credit Union."
It's easy to take action: just visit www.DontTaxMyCreditUnion.org to contact your U.S. Representative and Senators. While there, you can also watch a video, follow our campaign on social media, and learn more about how you can help us tell Congress, "Don't Tax My Credit Union".
NEW PHONE SYSTEM
Members United is in the process of transitioning to a new VOIP phone system. When the new system goes live you will need to use the main numbers below to contact the credit union. You will no longer be able to use any of our former rollover lines to contact us. We have also discontinued use of the old Columbus toll free number and the old FSISFCU local and toll free numbers.
This new system will save your credit union money and allow us to better serve the membership. Among other things, it gives us the ability to transfer calls between branches and makes available direct dial numbers for some of our key staff members. Please bear with us as we transition to this new phone system.