WASHINGTON–With the Senate having passed its FY 2018 budget resolution, eyes are now on the House as it seeks to pass similar legislation, as there is always the risk with fast-moving bills that credit unions could find themselves being dragged in.
The credit union trade groups said they will keeping a particular eye on the House Ways & Means Committee as it shepherds the House equivalent to the Senate legislation, which is necessary if the GOP-backed tax reform effort is to be successful.
Credit unions, of course, are always wary of the federal tax exemption being affected in some way.
“We will be engaging and watching that” process, said Eli Joseph, CUNA’s chief deputy officer.