LSCU Tops 130,000 Congressional Contacts to Oppose IRS Reporting Requirement

Credit unions in Alabama, Florida, and Georgia remain adamantly opposed to efforts to require financial institutions to report to the IRS on transactions of $600 or more. This provision, which would be incredibly burdensome to financial institutions, is intrusive to consumers and grants unwarranted access to the IRS.

As of Monday, October 25, nearly 130,000 contacts to Congressional offices had been made by credit union members in Alabama, Florida, and Georgia marking staunch opposition to the proposed reporting requirement.

We continue to hear from members of Congress who are undecided on how they will vote, so please continue encouraging your members to reach out to lawmakers because it is truly making a difference in changing the course of direction this proposal will take.

Contact can be made through the LSCU Action Center.

For questions, please contact our Advocacy team.

Written by
Lizeth George
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.