As a valued Member of LBS Financial Credit Union, you’ve likely experienced the many advantages of being part of a not-for-profit financial cooperative. From lower loan rates and higher savings returns to fewer fees and more personalized service, our mission is to help you achieve your financial goals— not to generate profits for shareholders. However, these benefits are at risk.
Credit unions are currently facing legislative challenges that could threaten our tax-exempt status. If Congress removes this status, it would be a direct tax on you—our Members. Without it, we won’t be able to offer the same great products and services at the competitive rates you enjoy today. Changes to our Federal tax status could also reduce our ability to invest in new technologies, enhance member services, and support our community through charitable giving and financial education.
We need your help. In our history, it’s rare for us to ask our Members to engage politically on our behalf, but we believe the situation is critical. In mid-March we emailed all of our Members with a simple way to make your voice heard—a link that allows you to quickly and easily contact your representatives in Congress. By speaking out, you can help protect the financial benefits you and millions of other credit union members rely upon. Thanks to those Members who have already submitted their emails to their Congressmembers! If you missed the email, visit our Don’t Tax My Credit Union page to take action.
Your support is essential in ensuring that credit unions like ours can continue to serve members with the value, service, and care you deserve. Thank you for standing with us. Together, we can make a difference.
Together ahead,
Sean Hardeman
President & CEO
