A tax on credit unions is a tax on YOU.
At Marshfield Medical Center Credit Union (MMCCU), we pride ourselves on being a not-for-profit financial institution that puts members first. As a credit union, we’re fundamentally different from banks. While banks prioritize shareholder profit, credit unions like MMCCU prioritize YOU, our members. That’s why more than 140 million Americans choose credit unions as their trusted financial partner.
What Makes Credit Unions Different?
Credit unions operate under a not-for-profit model, which means our earnings are reinvested back into providing better services, lower fees, and higher savings rates. This cooperative structure allows us to offer:
- No- and low-fee accounts that make managing your money more affordable.
- Affordable loans with better interest rates for everything from homes to vehicles.
- Financial counseling and educational resources to help you achieve your financial goals.
Unlike traditional banks, we don’t focus on maximizing profits—we focus on maximizing member benefits.
The “Don’t Tax My Credit Union” Movement
The “Don’t Tax My Credit Union” movement is a national initiative aimed at protecting the tax-exempt status of credit unions. This status is critical to our ability to offer the financial advantages our members rely on. Taxing credit unions would directly impact our members by increasing costs and reducing the benefits we can provide.
Here’s why the movement matters to you:
- Higher Costs for Members: A tax on credit unions would lead to higher fees and loan rates, meaning you’d pay more for the financial services you use every day.
- Reduced Member Benefits: Without our tax-exempt status, we’d have fewer resources to reinvest in member programs, financial education, and community initiatives.
- Loss of Financial Access: Credit unions play a vital role in providing affordable financial options to individuals and families who might otherwise be underserved.
How You Can Help
Protecting the tax-exempt status of credit unions isn’t just a matter for policymakers—it’s an issue that affects every credit union member. Your voice can make a difference. Here’s how you can help:
- Visit the “Don’t Tax My Credit Union” Website: Learn more about the movement and why it’s important by visiting www.donttaxmycreditunion.org.
- Contact Your Legislators: Reach out to your elected officials and let them know you support credit unions. Share how MMCCU has helped you achieve your financial goals.
- Spread the Word: Share information about the “Don’t Tax My Credit Union” movement on social media or with friends and family who are credit union members.
Why It Matters
MMCCU exists to serve our members and the medical community. We’re here to help you achieve your financial best through better rates, lower fees, and personalized service. But we can only continue to do this if we maintain our tax-exempt status. By supporting the “Don’t Tax My Credit Union” movement, you’re helping to ensure we can keep putting YOU first.