Fresh Today

Fresh Today

WASHINGTON—Credit unions cleared a key tax hurdle Monday, as the House Ways and Means Committee’s full draft of its reconciliation bill made no mention of altering credit unions’ tax-exempt status, according to sources in Washington, who also noted the win could be even bigger than anticipated.

WASHINGTON—As Congress intensifies discussions around budget reconciliation and the expiring provisions of the 2017 tax law, more than a dozen credit union organizations—representing over 4,500 institutions and 140 million member-owners—have issued a unified call to lawmakers: preserve credit unions' historic tax status.