Dear Kingsport Press Credit Union member,
I’m reaching out to you, a member-owner of Kingsport Press Credit Union, about an issue on Capitol Hill which could affect the financial services you depend on us to provide. It’s imperative we keep you informed about potential threats to your credit union and our ability to provide you with the best financial services.
As not-for-profit financial cooperatives, credit unions do not pay the federal corporate income tax on profits. Our people-first, member-owned structure means we instead return those earnings to members like you in a variety of ways, including more affordable loans and better returns on savings. There are politicians in Congress who want to tax credit unions, which really means a new tax on you and the more than 140 million Americans who choose a credit union as their financial partner.
This is an urgent matter, and we need your help!! Please act today and contact your U.S. Representative and Senators and tell them Don’t Tax My Credit Union! This can be done through the easy-to-use Action Center, FOUND HERE!
Help us protect your credit union and the millions of families across the country who rely on their credit unions, too. Your voice as a KPCU member is important. Nothing is more powerful to elected officials than when they hear from constituents like you.
Sincerely,
Walter Salyers
President/CEO
Kingsport Press Credit Union