Ferndale, Michigan – Credit Union ONE, a Michigan credit union for seventy-five years has urged their members to reach out to their federal lawmakers to help protect the future of credit unions.
In 1937 congress granted credit unions federal tax-exempt status because of their cooperative member owned structure and have reaffirmed this status many times over the course of years.
Credit unions are member-owned not-for-profit locally run financial cooperatives. They care about and invest in their members and the communities they serve. This is evidenced by the fact that credit unions continue to serve their communities and lend money when other financial institutions will not.
However, the banking industry wants to eliminate this exemption to benefit their own industry.
Members are encouraged to contact their lawmakers by clicking here to ask for their support in protecting and preserving the future of credit unions.
Credit Union ONE, headquartered in Ferndale Michigan for seventy-five years, offers a wide array of financial services and access to over 30,000 ATM’s nationwide, serving 106,000 members, with eighteen offices in three major metropolitan areas, including Metro Detroit, Grand Rapids and Traverse City. For more information go to cuone.org or "like us" on Facebook
Contact Judi Desilets, Director of Public Relations for Credit Union ONE, 248-584-5224, Judi_Desilets@cuone.org
