TALLAHASSEE, Fla.– The League of Credit Unions & Affiliates, which represents credit unions in Alabama, Florida, Georgia, and Virginia said it is making a $450,000 contribution to America’s Credit Unions’ National Advocacy Fund (NAF). 

The league said it made the contribution at the same time it also engages in other advocacy efforts, including recent meetings with key members of the House Ways & Means Committee who will be authoring the next tax package. 

The League noted that it, along with credit union leaders from congressional districts who include 4 (Rep. Aaron Bean), 16 (Rep. Vern Buchanan), and 17 (Rep. Greg Steube), met with lawmakers to share the importance of preserving the credit union tax exemption. 

“Credit unions generate more than eight times the economic output compared to the revenue that would be gained if they were taxed,” Samantha A.M. Beeler, president of The League of Credit Unions & Affiliates, said in a statement. “Our contribution of nearly half a million dollars to the National Advocacy Fund underscores our unwavering commitment to ensuring that credit unions can continue to empower local economies and elect credit union champions in the future.”

State-Level Impact

The league released data is said show:

In Alabama, credit unions provided $655 million in small business loans in 2023, supporting entrepreneurs and job creators while driving a total economic impact of $3.7 billion.

In Virginia credit unions generated $5.3 billion in financial benefits in 2024, further highlighting the value credit unions deliver to their communities.

In Georgia credit unions are on track to generate $1.5 billion in total financial benefits by 2035, ensuring continued access to affordable financial services for members across the state.