Rep. Dan Kildee (D-Mich.) recently voiced his support for the credit union tax exemption in a statement to the Michigan Credit Union League.
“Credit unions offer unique benefits and services to their members, from the everyday worker who opens a savings account with a favorable interest rate, a family with a low-interest home mortgage loan to buy their first home, or an entrepreneur with access to a small business loan, credit unions have historically been structured in a way that directly benefits their members in my district and across the nation,” Kildee said.
Kildee said he has spoken with many constituents who are credit union members and “strongly support the services they provide to our local community and economy.
Credit Union National Association President and CEO Bill Cheney thanked Kildee for his support, encouraging other members of Congress to weigh in on the subject. MCUL & Affiliates CEO David Adams also thanked Kildee for his strong support of the CU tax exemption.
“His statement gives a strong and credible endorsement for the credit union tax exemption being good public policy,” Adams said. “We’re hopeful that other members of the Michigan delegation will also affirm their support in a similar way.”