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Could this really be the end?

For going on 20 years I have heard screams - usually emanating from one trade group - that the credit union tax exemption was in peril. I thought that was a terrific membership renewal hook but didn’t seen any likelihood of passage.

This year is different. This year the threat is real. On the show is Jason Stverak,, chief advocacy officer at DCUC, the Defense Credit Union Council, whose membership includes the nation’s biggest credit unions but also smaller ones too. All primarily serve military, active duty and retirees.

DCUC has not been the association with a long history of yelling about tax exemption.

But Stverak says that indeed the threat is real.

He also explains what the impacts on DCUC credit unions would be were the tax exemption to go away. And the impacts would be sizable and harmful, both to credit union members and the communities in which DCUC members operate.

In a recent show, onetime Bethpage CEO Kirk Kodeeski warned that if credit unions lost the ax exemption their business model would be shattered.

On this show we hear exactly what that would mean for defense related credit unions.

It’s ugly.

By the way, how much money do you think would be saved were the tax exemption to go away?

Three billion dollars.

That is chump change in today’s Washington DC.

Hear how DCUC is fighting back in this show.

By the way, four years ago DCUC CEO Tony Hernandez (US Air Force retired) was on the show. Hear his episode here.

Listen up.

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