At Park Community, we’re proud to stand with the Don’t Tax My Credit Union movement—a national effort to protect the federal tax-exempt status that helps credit unions return real value to their members and communities. This status is vital to our ability to offer affordable financial services throughout Kentucky and Southern Indiana. While tax policy may seem like a complicated topic, at its heart, it’s about people—about you. Credit unions serve more than 140 million Americans and play a powerful role in strengthening our economy and expanding access to opportunity. If you’ve ever benefited from a lower loan rate or a no-fee account, you’ve experienced the credit union difference firsthand. Now’s a great time to learn more about why that difference matters.
Here’s the “why” behind our fight to protect credit unions—and your wallet.
In 2025, key federal tax provisions are set to expire, putting credit unions across the country at risk of losing our tax-exempt status. If that happens, it won’t just hurt us—it could cost you directly. Unlike big banks that prioritize shareholders, credit unions return earnings to members through better savings rates, lower loan costs, fewer fees, and community-focused services.
Credit unions serve nearly half of all Americans but hold less than 9% of the nation’s financial assets. Why? Because we exist to serve, not to profit.
At the end of the day, a tax on credit unions is a tax on you. That’s why we’re speaking out—and why your voice matters too.
our local Impact
Building Thriving Communities
Since our beginnings in 1965 as the credit union for employees of GE Appliance Park in Louisville, KY, we have a deep commitment to our members and the communities we serve. Over the years, we have grown to be Kentucky’s largest Community Development Financial Institution (CDFI) Credit Union that is dedicated to empowering communities, fueling dreams, and cultivating belonging. Behind everything we do is the vision of a world where hope, opportunity, and belonging unites us all, and we are focused on putting people over profit and reinvesting in what matters most—you.
$135M
LOANS TO EMPOWER UNDERSERVED COMMUNITIES
In 2024, Park supported low to moderate income individuals and businesses through loans that have helped build thriving communities.
7379
DREAMS FUELED
In 2024, 7379 low-to-moderate income individuals and businesses were supported through loans.
$100K
GRANTS FUNDED
In 2024, the Park Foundation awarded 11 local non-profits grants that will give back to thousands of individuals in our communities.
1000+
HOURS TAUGHT
Since 2024, the Park team has provided over 1000 hours to present vital financial education classes to our communities.
How You Can Take Action
Email Your Legislators
Use this template and instructions to send a quick, impactful letter to your congressman.
Spread the Word
Share our posts online to amplify the message #donttaxmycreditunion. Use this video template to share your story: How has your credit union made a difference in your life?
want to know more?
Frequently Asked Questions
We know you may have questions about the Don’t Tax My Credit Union campaign—what it means, why it matters, and how it could impact you. This FAQ is here to provide clear answers about the credit union tax-exempt status, the threats it faces, and what you can do to help protect the financial benefits you enjoy as a member. Let’s break it down together.
What is the “Don’t Tax My Credit Union” movement?
The Don’t Tax My Credit Union movement is a nationwide campaign aimed at preserving the tax-exempt status that allows credit unions to serve their members affordably. It was created in response to legislative proposals that could strip away this status—potentially leading to higher fees, reduced services, and increased costs for millions of credit union members.
Why are credit unions tax-exempt?
Credit unions are not-for-profit financial cooperatives, owned and operated by the very people we serve—our members. Unlike banks, we don’t exist to maximize profits for shareholders. Instead, we focus on delivering real value to members through lower loan rates, higher savings returns, and fewer fees. Our federal tax-exempt status plays a key role in making that possible.
What would happen if credit unions were taxed?
If credit unions were taxed, they could be forced to scale back member benefits, raise fees, or limit the services they provide. In effect, it would erode the not-for-profit model that sets credit unions apart and puts members first. It could also reduce our ability to invest in the communities we serve—limiting support for local businesses, financial education programs, affordable housing initiatives, and other services that strengthen neighborhoods and create lasting impact.
How does this affect me as a credit union member?
Taxing credit unions could take away the financial advantages you count on—like lower loan rates, fewer fees, and personalized service. This campaign is about protecting those member-first benefits and safeguarding what sets credit unions apart. It’s also about preserving our ability to reinvest in the communities we serve. Without the tax exemption, credit unions may have fewer resources to support local initiatives, fund financial education, or expand access to affordable financial services where they’re needed most.
How can I get involved?
Here’s how members can take action:
• Encourage fellow credit union members—friends, family, and coworkers—to speak up.
• Visit DontTaxMyCreditUnion.org to learn more about the campaign.
• Use the site to contact your legislators and make your voice heard.
• Spread the word on social media with the hashtag #DontTaxMyCU.
• Share your personal credit union story at [insert link].
Every voice matters in protecting the credit union difference.
Does this impact my share insurance?
No. Your funds are federally insured up to $250,000 by the NCUA and are backed by the full faith and credit of the United States Government.
