As a member-owner of Valley First Credit Union, you benefit directly from the unique structure of the credit union. Like similar cooperatives, our not-for-profit status has always meant we are tax exempt.
But today, that not-for-profit status is being threatened in Congress by lobbyists from the for-profit banking industry. Congress is considering a drastic overhaul of the tax code.
If Congress listens to the big banks Valley First would soon lose its not-for-profit tax exemption, and with it, the high value you have come to expect from us. This effectively means a new tax on you and your family.
We can stop the banking industry if we have the help of you, our members.
Only when your voice is heard on Capitol Hill will we be able to convince Congress that a new tax on credit unions is actually a tax on you and on millions of other hard working families.