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Tax Status a Focus during Missouri Hike the Hill

Missouri Hike the Hill in Washington D.C. focused on the credit union tax status and the possibility for tax reform at the national level.   Participants Randy Yeck (Vantage Credit Union) and Pat Yokley (CommunityAmerica Credit Union) joined the Missouri Credit Union Association’s Amy McLard and Jay Swearingen to visit Missouri’s congressional delegation on May 22-23.

“It was a great opportunity to hold our Hike the Hill just as the national effort to protect the credit union tax status began,” explains McLard, vice president of Federal Legislative Affairs for the Missouri Credit Union Association.  “We met with the Missouri congressional delegation, discussed the issue and benefits and contributions of credit unions in advance of any tax reform.”

Meetings included U.S. Senators Claire McCaskill (D) and Roy Blunt (R) and staff, and U.S. Representatives and staff including:

U.S. Rep. William Lacy Clay (D-District 1)
U.S. Rep. Blaine Luetkemeyer (R-District 3)
U.S. Rep. Emanuel Cleaver (D-District 5)
U.S. Rep. Sam Graves (R-District 6)
U.S. Rep. Billy Long (R-District 7)

Credit union representatives also met with financial services staff members for U.S. Representatives Ann Wagner (R-District 2) and Vicky Hartzler (R-District 4).

“While it is uncertain what form or timeframe Congress might tackle tax reform, we heard from Missouri’s federal lawmakers and their staff that it was important for us to be at the table now,” says Randy Yeck.

In addition to the tax status issue, Hike the Hill participants provided lawmakers with briefing materials for other legislative issues including member business lending, supplemental capital, and regulatory relief.  Lawmakers also received published stories about what credit unions are doing in their communities and Project Zip Code results showing how many credit union members live in each legislative district.

The Missouri Credit Union Association (MCUA) is asking credit unions to send stories of member and community service to  Information on Project Zip Code Month is also coming soon.  To ensure your credit union members are represented, credit unions are asked to run PZC before the August in-district Congressional meetings.  The next Hike the Hill will take place in October.  More details will be coming soon from MCUA.

“I’d recommend people taking part in Hike the Hill,” says Pat Yokley.  “We were able to go to every office and explain what these issues or bills could mean for the legislator’s districts.  If lawmakers don’t hear from us directly, they don’t know what the true impact would be to credit unions.”

Photos, left to right, top to bottom:
1. U.S. Sen. Claire McCaskill (D) meets with Hike the HIll participants.
2. Randy Yeck (Vantage) and Pat Yokley (CommunityAmerica) stop at the U.S. Capitol.
3. Meeting with U.S. Rep. Sam Graves (R-District 6).
4. Meeting with U.S. Rep. William Lacy Clay (D-District 1)
5. Meeting with U.S. Rep. Blaine Luetkemeyer (R-District 3)
6. Meeting with U.S. Rep. Billy Long (R-District 7)