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Credit Unions Are Different – And That’s a Good Thing

At Family Trust, we’ve always believed in people over profit. That belief goes back to our roots in 1957, when we were founded by workers at the Rock Hill Bleachery to give better access to financial services. Today, 68 years later, our desire to serve still guides every decision we make.

We’re a member-owned, not-for-profit financial institution. That means we don’t answer to stockholders, we answer to members. Our volunteer board is made up of members - like you - who are elected to serve your best interests. Instead of chasing profits, we focus on providing real value through better loan rates, lower fees, and meaningful support for our community.

That’s why we’re standing with credit unions across the country in the #DontTaxMyCreditUnion campaign.

What Is “Don’t Tax My Credit Union” About?

The Don’t Tax My Credit Union campaign is a nationwide effort to protect the federal income tax exemption credit unions have held since 1934. While credit unions do pay property taxes, payroll taxes, and other contributions like any business, the federal income tax exemption allows us to reinvest more into our members and community. Without this exemption, the resources we use to offer affordable financial services, financial literacy workshops, and support for local organizations could be significantly reduced.

 This would affect the 43% of Americans – nearly 140 million individuals –  who belong to a credit union and the communities these financial institutions serve.

Why Now?

A new bill may be introduced in Congress that would remove this exemption. While this isn’t the first time the issue has come up, each time it does, it’s critical that members understand what’s at stake.

Want More Information?

Your best source of information will be at www.DontTaxMyCreditUnion.org. Click here to learn more.

At Family Trust, we’ll always put people first. And with your support, we can continue for generations to come.