Information and Alerts

Don’t Tax My Credit Union
It’s a Tax on Me

Congress is considering removing the federal income tax exemption for credit unions. This change could significantly impact you and millions of Americans who rely on credit unions for their financial services.

Take action now
Why it matters

Lower Rates

As a not-for-profit institution, our tax-exempt status allows us to offer better rates, lower fees, and more personalized service-all designed to benefit you.

Community Benefits

Credit unions contribute over $35 billion annually in financial benefits to consumers. Removing our tax-exempt status could reduce these benefits and limit our ability to serve communities effectively.

Access for All

We provide financial services to 43% of Americans, including those in underserved communities who are often overlooked by traditional banks.

Use our quick and easy tool to send a message to your congressional representatives. Protect your financial future!

Use the tool now

The Credit Union Difference

Deseret First Credit Union has proudly served our community for 70 years as a member-owned cooperative. Our mission is centered around you—our member-owners—not profit-driven motives.

Did you know?

  • Credit unions contribute billions in state and local taxes each year.
  • The federal income tax exemption allows us to reinvest savings back into services for you.
  • 96% of voters support preserving the credit union tax status.

Don’t let Congress take away your financial advantages. Act now to protect your credit union!

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