MICHAEL MCCAUL, TED POE, DISTRICT 2 MAC THORNBERRY, DISTRICT 10 “As a member of a credit DISTRICT 13 “Thank you for allowing me union for over 25 years, I “Credit unions play an the opportunity to express support the right of citizens important role in our cities my support for Texas Credit to participate in credit unions and other communities. Unions and their current tax-exempt and voluntarily pool their assets for their Congress should help keep the system status. The strength of the Texas Credit own benefit. I do not support tax increases available to individuals, families, and Union League is remarkable and represents of any kind. Furthermore, business is businesses all across America.” a model that should be emulated in other saddled with far too much regulation. I states across the country. Credit Unions play support freeing up markets by eliminating MARK VEASEY, a vital role in our financial marketplace, and unnecessary and counterproductive DISTRICT 33 I look forward to working with you all in the regulations. It is economic freedom that “Not-for-profit credit unions future.” produces economic growth and allows provide valuable and needed businesses, such as credit unions, to expand services to millions of RANDY their membership and lending, which fosters Americans across the country. For many NEUGEBAUER, further economic growth.” families, a credit union membership means DISTRICT 19 the opportunity to obtain a low interest rate “I strongly believe that PETE SESSIONS, loan for a first home or car. I support Texas consumers benefit from DISTRICT 32 credit unions and the work they do, and having multiple options among financial “As a long-time supporter strongly believe they should have tax- providers so that they can choose the credit of the Texas Credit Union exempt status.” union, banks, or other financial services League, I believe credit institution that best fits their needs. At this unions serve our communities in a unique FILEMON VELA, time, no legislation has been introduced in and meaningful way. Credit unions have DISTRICT 34 the House to change the tax status of credit remained true to their mission of ‘not for “I support the role of unions, and as long as credit unions remain profit, but for service’ and provide their credit unions in the non-profit cooperatives owned by their members with resources to grow businesses American financial sector. members, I see no need to change their tax and create jobs. Throughout their history, These member-owned institutions status.” credit unions have been extremely important should continue to benefit from current financial institutions. In the House of exemptions from federal income taxes PETE OLSON, Representatives, I will continue to offer my while they do not operate for profit. The DISTRICT 22 support for credit unions to maintain their financial products and services that credit “By design, credit unions tax-exempt status and valuable role in our unions have traditionally offered allow are not-for-profit financial economy.” hardworking members to get the most for cooperative organizations their wages and support their families.” owned by their members. Especially at this LAMAR SMITH, time, communities across our nation rely DISTRICT 21 RANDY WEBER, on credit unions to provide much-needed “Credit unions provide DISTRICT 14 access to credit. I support retaining the an invaluable service to “I am proud to support current tax-exempt status for credit thousands of my constituents the tax-exempt status unions and will continue to work with my and have played an important role in our for not-for-profit credit colleagues to ensure that it remains.” country’s recent economic growth. New unions. Credit Unions are built and taxes and burdensome regulations on the maintained by the members, making it BETO O’ROURKE, financial sector only serve to hinder future a truly unique organization. These credit DISTRICT 16 economic growth.” unions allow our communities to grow “Credit unions serve tens by providing affordable loans to families of thousands of El Pasoans STEVE STOCKMAN, and small businesses. We are at a critical and play a vital role in our DISTRICT 36 juncture in our nation’s path to prosperity. economy. I am committed to preserving “As a credit union member I want to create more jobs and help our credit unions and the financial services they I personally know and economy thrive, which is why it is extremely provide.” appreciate the great service important to support our credit unions.” they provide their customers. Credit unions are great examples of freedom of association ROGER WILLIAMS, and the power of capitalism to improve DISTRICT 25 lives. I support keeping credit unions tax “Credit unions provide exempt, and freeing them of burdensome invaluable services like low federal regulations, so a free market can fees and low interest rates continue to build communities across to millions of Americans. These not-for- 4455 LBJ Freeway, Suite 1100 Dallas, TX 75244 Southeast Texas.” profit institutions play a vital role in our communities by giving consumers a choice 800-442-5762 (toll free) that best fits their financial needs. I support www.cornerstoneleague.coop maintaining the tax-exempt status for credit unions and would oppose placing any further regulatory burdens on these important financial institutions.” CREDIT UNION LEAGUE TAXATION AND CREDIT UNIONS Where do your lawmakers stand? GOV. RICK PERRY U.S. SEN. JOHN CORNYN “Not-for-profit credit unions are an important “Credit unions are an integral part of the part of the Texas economy, employing more nation’s financial system. I support protecting than 21,000 Texans and serving more than their tax-exempt status so long as they stay 7.7 million members. I support keeping the true to their original mission and operate current tax exemptions for not-for-profit as nonprofit cooperatives. Credit unions credit unions. Keeping that exemption is the are tremendously beneficial to our local right thing to do for organizations that seek communities and small businesses in Texas. I not to make a profit but to improve the lives of their fellow citizens. will continue to support pro-growth policies that keep taxes low on The people of Texas appreciate your service, and I look forward to all Americans.” working with you.” LT. GOV. DAVID DEWHURST U.S. SEN. TED CRUZ “Credit unions provide billions in capital “Credit unions are great example of the kind that countless Texas families can use to buy a of small businesses that can help power our home or a new car, or pay for college—all at return to strong economic growth, yet they very reasonable rates. As are suffering from the growing onslaught Lt. Governor, I want to say thanks for all you of new regulatory and tax burdens from do to grow the Texas economy. I support Washington, D.C. I strongly support the Texas credit unions and your not-for-profit ability of credit unions to focus on serving tax exemption.” their communities rather than federal bureaucrats, and I will work to prevent needless new burdens on these job creators.” JOE BARTON, JOAQUIN CASTRO, JOHN CULBERSON, DISTRICT 6 DISTRICT 20 DISTRICT 7 As deregulation increases “As not-for-profit, member- “Throughout my 14 years in the competition between owned cooperatives, credit the Texas State House and credit unions and banks, it is unions serve a unique six terms in Congress, I have important for these non-profit, volunteer- function in our communities, helping always maintained a very supportive and driven cooperatives to focus on their countless families achieve their American cooperative relationship with the Texas primary services, including small loans, Dream every day. As a lifelong credit union Credit Union League. Credit unions were financial counseling, and low-balance share member myself, I know how important designed to be depository institutions run drafts. When it comes to the financial needs these cooperatives are to our nation’s by their members for the benefit of their of America, I believe that local, community- financial services infrastructure. As long as members. As tax-exempt organizations, based credit unions and banks are the best. credit unions continue to provide quality credit unions are tailored to meet the services to hard-working American families, financial needs of their members. I KEVIN BRADY, I will support maintaining the tax-exempt strongly support the efforts of our credit DISTRICT 8 status for these not-for-profit institutions.” unions and will continue to work to keep “I believe that credit unions credit unions exempt from federal income play an important role in our MIKE CONAWAY, taxes.” communities and are major DISTRICT 11 contributors to the national economy, the “As a credit union member, LLOYD DOGGEtt, financial system, and the communities they I understand and support DISTRICT 35 enter, and the members and families they the important work that “Having worked with credit serve. They provide lending opportunities these not-for-profit institutions do. By unions for more than three to small businesses, families, and many encouraging financial literacy, community decades, I recognize the hard-working Americans that would not involvement, and affordable credit for importance of the financial services that you otherwise be available. For these reasons, millions of individuals, Texas’ credit unions offer to millions of individuals and large I strongly support the tax-exempt status of are growing our economy and building numbers of small businesses. By granting credit unions because they serve as not-for- our future. As they do so, it is important credit unions a tax exemption in the 1930s, profit banks.” that we do not burden our local financial Congress acknowledged the contribution institutions with new or expanded of credit unions to our society, particularly MICHAEL BURGESS, regulations and taxes.