SchoolsFirst Federal Credit Union Joins National “Don’t Tax My Credit Union” Movement to Protect Members’ Financial Well-Being

As federal lawmakers consider tax reforms that could impact credit unions nationwide, SchoolsFirst Federal Credit Union, the largest credit union in California and the largest serving school employees and their families, is taking a stand to protect its Members. With key tax provisions set to expire in 2025, there is an effort to revoke credit union’s tax-exempt status, a move that could significantly affect millions of Members who rely on these not-for-profit financial institutions for better savings rates, lower loan costs and fewer fees.