At Sevenfold Federal Credit Union, we’re not just a financial institution—we’re a not-for-profit cooperative owned by members like you. That means every decision we make is about helping you thrive financially, not generating profits for shareholders. Our structure allows us to return earnings back to our members through competitive loan rates, higher dividends, and fewer fees. It’s what sets us—and credit unions nationwide—apart from traditional banks. But now, that model is being threatened. Some lawmakers in Washington, D.C., backed by big Wall Street banks, are pushing to tax credit unions. On the surface, it might sound like a policy shift. But in reality, it’s a tax on you and millions of other credit union members across the country.
If credit unions were taxed, the impact would be real:
- Fewer resources to offer affordable loans and higher savings rates
- Less ability to compete with for-profit banks
- A direct hit to the services and value you’ve come to expect
This push to tax not-for-profit credit unions is about reducing competition and increasing profits for banks—not about improving financial services for families like yours. We believe in keeping our members informed about issues that affect your financial well-being. And when your voice can make a difference, we’ll always let you know. That time is now. Use our quick and easy tool to contact your lawmakers and tell them: Don’t Tax My Credit Union
Your voice matters.
Thank you for standing with us—and for being part of the Sevenfold family.