As a member of Lower Columbia Longshoremen's Federal Credit Union, you know that you are part of a financial cooperative that is owned and directed by you. Unlike banks that maximize profits for a small group of investors, credit unions exist to serve their members, including working families, small businesses, and the local community. Because we return benefits to our members, we are able to offer higher returns on savings, lower rate on loans, and most importantly, low or no fees. That's why your credit union is not-for-profit and tax exempt.
Now banks and some politicians in Washington are talking about taxing credit unions like LCLFCU, despite the fact that we are not-for-profit. They say we can balance the budget by taxing credit unions, even though credit unions hold only 6% of all financial assets nationwide, and banks hold the rest.
Since credit unions are not-for-profit, taxing credit unions could even destroy credit unions as we know them, eliminating financial choice for consumers.
Moreover, taxing credit unions won't even scratch our budget deficit. For every $1 in new taxes on credit unions, the government would wipe out $10 in benefits to credit union members and consumers. So taxing credit unions is not only bad for our nation's economy, a tax on credit unions is really just a tax on you, the member. Please visit www.DontTaxMyCreditUnion.org and contact your U.S. Representative and Senators.
E-Statements - Secure, Fast, Convenient
Still getting a paper statement? Concerned about mail theft? Out of town a lot? E-statements are the perfect solution. You can sign up for this free service after you log into your online banking account. Call the credit union if you need any help enrolling!
Important Rights for Homeowners
Click here to read about options that may be available to borrowers who are unable to afford their mortgage payments and who wish to avoid foreclosure.
Do you have a VISA Credit Card with LCLFCU?
If you don't have a Lower Columbia Longshoremen's FCU VISA Credit Card now is the time to apply. Great rates, flexible terms, and best of all your VISA is kept local - right here with LCLFCU! Applications available for download click here print, complete, sign and return today!