Resources
NAFCU is at the forefront of this issue and remains alert on any new information surrounding the proposal. We are committed to ensuring provisions such as this do not pass and advocate against any legislation that would complicate credit union compliance and reporting burdens.
Grassroots Efforts
Visit NAFCU'S Grassroots Action Center to reach out to Congress and express your opposition to this proposed requirement.
Visit Grassroots Action Center
IRS Advocacy Video
Learn more about this harmful provision and what this means for credit unions and consumers.
The NAFCU Journal - From the President's Desk Column
NAFCU President and CEO Dan Berger explains why the Administration is wrong for imposing new reporting requirements for credit unions. Hear his take on the provision and how this would hurt the credit union industry.
IRS Reporting Issue Brief
Learn more about this invasive reporting requirement. Check out NAFCU's IRS reporting issue brief.
Additional Resources
NAFCU Today
- Advocating against IRS reporting requirements remains top of mind for NAFCU
- NAFCU video encourages consumers to call on Congress to reject proposed IRS reporting requirement
- NAFCU continues Congressional outreach to oppose IRS reporting requirement for financial institutions
- NAFCU continues to fight to get Congress to reject IRS reporting requirement for financial institutions
- NAFCU continues IRS reporting requirement pushback as Senators engage in opposition, Pelosi signals reconciliation bill will be prolonged
- NAFCU's advocacy against burdensome IRS reporting, SBA direct lending provisions remains steadfast
- NAFCU unites with other associations urging Congress to reject IRS reporting proposal
Press Releases
Letters
- Letter to Congress on IRS Reporting Requirement for Financial Institutions in Reconciliation Package
- Letter to Congress on IRS Reporting Requirement for Financial Institutions
- Joint Letter to Congress Opposing IRS Reporting Requirements
- Joint letter to Congress Opposing IRS Reporting Requirements
- Joint Letter to House Opposing IRS Reporting Requirements