CUNA News Daily Highlights NJCUL’s Lawmaker Visits

WASHINGTON – An article in today’s edition of CUNA News Daily highlights New Jersey credit unions’ meetings with Reps. Donald Norcross (D) and Frank LoBiondo (R) last week. Titled “N.J. CUs Stress Tax Status with Lawmakers” the article points out that NJCUL is “making the most of the long recess”, during which members of Congress will be at home in their districts meeting with constituents, to remind lawmakers of the value of the credit union tax status.

“We also put the credit union tax exemption into context,” NJCUL President/CEO David Frankl told CUNA News Daily. “Beyond our mission and good public policy, we noted that the credit union recovery didn’t cost the U.S. Treasury one cent, versus the costs borne by the taxpayer to bail out the banks.”

Read the article in full here.