Protect Credit Unions
Taxing Credit Unions Means Taxing You
Take Action Today
Canyon View Credit Union exists to serve you—not stockholders. As a not-for-profit financial cooperative, our mission is rooted in mutual support and shared financial responsibility. Since 1956, we’ve been helping individuals, families, and communities thrive through affordable, accessible financial services. But that mission is at risk.
Congress is considering changes that could eliminate the federal tax exemption for credit unions.
Unlike banks, credit unions return earnings to members in the form of:
- Lower loan rates
- Higher savings yields
- Fewer fees
- Free checking, online, and mobile banking
- Lower insurance premiums
- Financial education and counseling
Taxing credit unions means taxing you; it threatens the benefits you rely on every day.
How You Can Help
Make your voice heard and protect your financial cooperative. Use this simple tool to contact your U.S. Representatives and Senators. It only takes a minute!
Financial Education & Community Impact
We support members with tools to give you a clear view for financial success:
- Financial literacy courses for teens and young adults
- Budgeting and wellness tools in our mobile and online banking
- Financial advisor services
- Educational seminars on Medicare, financial planning, home ownership, and more
Credit Unions: A Proven Alternative
Credit unions pay billions in property, payroll, and sales taxes annually. The exemption from federal income tax exists because profits are returned to members—not shareholders.
Removing this exemption would:
- Strip critical resources from members
- Threaten free and low-cost services
- Undermine the cooperative structure that has served Americans for decades
Get A Clearer View on Protecting Your Credit Union
Here is a video explaining the benefits of credit unions in your community.
Thank You, Utah Representatives
We extend our gratitude to Reps. Burgess Owens (2nd District), Celeste Maloy (3rd District), and Mike Kennedy (4th District) for standing up for credit unions in Congress. Their leadership supports the well-being of millions of Utahns and Idahoans.
Act Now for a Better Path Forward
Every voice matters. Help us keep credit unions strong, tax-exempt, and member-focused. A tax on credit unions is a tax on you, so please make your voice heard.