SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Credit Union (noun) – not-for-profit, consumer-focused cooperative

Tuesday, Feb 25, 2014

[The following is a paid advertisement.]

Credit unions are not-for-profit financial cooperatives. They were first exempted from federal income taxes in 1917 to fulfill a special mission as valuable and affordable cooperative alternatives to for-profit banks. Even though credit unions are exempt from income tax, they still are subject to, and pay, property, payroll, and sales taxes, and a host of governmental regulatory supervision fees. Since their inception, credit unions have more than fulfilled their mission, as evidenced by Congressional codification of the credit union tax exemption in 1951 and 1998. Though the range of services has evolved to effectively serve their members in an increasingly competitive financial marketplace, the cooperative structure, which is the reason for their tax exempt status, has remained constant. Nationally, consumers benefit to the tune of $10 billion annually because credit unions are tax-exempt. In Illinois, by most recent estimates credit unions annually provide nearly $195 million in direct financial benefits to almost three million members. In an era that continuously poses economic and financial challenges, credit unions remain true to one principle - people before profits - and represent a highly valued resource by consumers during these uncertain economic times.

- Posted by Advertising Department        

No Comments

Be the first to comment.

Sorry, comments for this post are now closed.

* NYT looks at Griffin, Rauner
* LaQuan McDonald case: Three suggestions for state action
* Yesterday's blog posts

Visit our advertisers...







Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

* [Deal] Amazon selling the Galaxy S6 at $399.99 for the next 18 hours
* HTC offers 40% off HTC One M9 and 60% off RE camera until Dec 2
* ZTE Nubia Z11 groomed for simultaneous launch in the US and China
* Amazon’s best Cyber Monday deal is probably a $400 unlocked Samsung Galaxy S6
* Unlocked Samsung Galaxy S6 at $200 off on Amazon in the next 18 hours
* Black Friday 2015 US sales on mobile topped $900 million, 74 percent via iOS
* Microsoft Devices holiday gift guide

* Non-tender deadline looks familiar for White Sox
* Detroit Tigers make AL Central's first big splash with Jordan Zimme...
* South Side Sox' SB Nation MLB Awards voting results
* Starting Pitcher Rankings: Chris Sale and Jose Quintana maintain st...
* Scouting profile: Adam Engel
* Alex Avila will try to shed limitations with White Sox
* White Sox program provides kids real chance


Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005


RSS Feed 2.0
Comments RSS 2.0


* Closer Look: Task force looks to shrink Illinoi.....
* Task Force Looks to Save Residents Money by Shr.....
* Illinois Human Services Call For 2-Year State S.....
* POLITICO Illinois Playbook: PROTESTS rock Chica.....
* Task Force Prepares Final Recommendations For I.....
* Legislators, Rauner must compromise - Northern .....

* Urbana chef taps family members for his kitchen staff
* Chicago police: Man steals van with 2-year-old girl inside
* Man in custody after bodies found in Lake County home
* Report: SAFB considered for new spy agency office since 2005
* Chicago announces expansion of police body-camera program
* No notable delays for holiday travelers at Chicago airports
* Closer Look: Task force looks to shrink Illinois government
* EXCHANGE: Joliet educators work with Hispanic families
* EXCHANGE: Chaplains offer support to terminally ill
* Grant supports Alzheimer's research by Peoria professor

* 'Pot doctors' pushing boundaries in Illinois, other states
* Burger King manager: Police erased video of Chicago shooting
* Local free community college plans may be template for U.S.
* Rauner faces challenges in move to block refugees
* Vendor Payment Program suspended due to budget impasse
* Rauner pardons man found innocent of 1999 attack
* Springfield jobless rate falls again, to 5.1 percent
* Springfield police chief sees problems with body cam law
* Lawsuit challenges Illinois ban on marijuana campaign money
* Number of Illinois inmates released on parole climbing

* Tribune Publishing refutes Murdoch tweet, says not in sale talks
* Threat of violence prompts U of C campus shutdown
* Tribune newspapers likely to be sold off, Murdoch says
* How a big deal is changing Chicago's hotel market
* Crain's names Danielle Narcisse copy chief

* THE WATCHDOGS: How Midway clout king got out of property taxes
* Trump scraps endorsement event after black pastors object
* Chicago Teachers Union plans strike vote on Dec. 9: report
* Obama visits Bataclan, site of French terror attack
* Niklas Hjalmarsson skates swiftly and carries a big stick
* Bears may offer suite life at ground level
* Officials see uptick in historic renovations in Springfield
* Task force looks to shrink Illinois government
* WATCH: Patrick Kane’s goal breaks NHL record
* Patrick Kane sets American record with 19-game point streak

* Squad car crashes during chase of stolen van with girl, 2, inside
* No injuries when part of building collapses in Back of the Yards
* Skilling: This November one of wettest on record
* U. of C. cancels Monday classes after threat to Hyde Park campus
* Chicago cop charged in Laquan McDonald's fatal shooting returns to court Monday
* More Chicago police officers to wear body cameras
* Police warn of armed robberies on North, Northwest sides
* 1 dead, 6 injured in separate shootings on South, Far South, West Sides
* Man accused of hiding roommate's body in suitcase held without bail

* James Durkin: Compromise needed to restore Illinois' standing
* Bernard Schoenburg: Book on Blagojevich impeachment lets reader 'be right there'
* Andy Shaw: It's time to crack down on no-bid contracts
* 'Pot doctors' pushing boundaries in Illinois, other states
* Burger King manager: Police erased video of Chicago shooting
* Kristina Rasmussen: Relying on one another, not the government
* Charles Krauthammer: The Syrian immigration cul-de-sac
* Rob Elliott: EPA ethanol ruling affects more than energy policy
* Local free community college plans may be template for U.S.
* Rauner faces challenges in move to block refugees

* Podcast: Lee Strom and Tyler Strom Champaign County Farm Bureau 11-30-15
* Those Who Served: Bruce Voges
* Ready to serve Vermilion County
* Time for lawsuit reform in Illinois
* Oil prices down, but for how long?
* Do not send more 'boots on ground'
* This day in history, Nov. 30, 2015
* Richard J. Leskosky: A fun evening with a comedic legend
* Area history, Nov. 30, 2015
* 'Hunger Games' stays in first place at box office

* Obama: Climate pact an 'act of defiance' after Paris attacks
* Global stocks down ahead of US data, Fed speeches
* Russia to impose food ban in new sanctions against Turkey
* Kobe Bryant says he will retire at end of season
* NYC's novel salt warning rule set to take effect at chains

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Durbin Pushing for Spending Bill - Alton D......
* Durbin Backs Duckworth - Alton Daily News...

* Manchin, Kirk introduce bill targeting gov......
* Opinion: Sen. Kirk must stand with crimina......

* Happy Thanksgiving From Progress Illinois!
* Advocates Meet With Rauner's Office, Call For Acceptance Of Syrian Refugees
* Teen Viral Sensation Says McDonald Shooting Proves Cops, Conservatives Are Racists
* Harris runs to split black vote, defeat Zopp, and position Duckworth against Kirk
* GOP Hindu-American Political Arm Emerges for 2016 Elections
* Lack of Illinois Lottery payouts sending gamblers out of state
* OBrien: Laquan McDonald -- Victim of Liberalism
* Sixteen shots. The story that broke the silence.
* Epiphany déjà vu.
* Political apathy? Or will they commit a late rally and do something stupid!

* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact

Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller