Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Illinois CUs take first steps toward offering VITA
NAPERVILLE, Ill. (10/22/08)--Illinois credit unions are taking steps to provide free income tax filing help--Volunteer Income Tax Assistance, or VITA--to individuals of modest means, the Illinois Credit Union League said Monday.
The Center for Economic Progress (CEP) has been a major partner in assisting consumers with filing their tax returns free of charge at many sites throughout Illinois, including credit unions. Ellen Smith, CEP tax site manager (left) helps an individual during a free tax filing day for seniors sponsored recently by North Side Community FCU in Chicago. (Photo provided by the Illinois Credit Union League)
VITA helps those with incomes of about $40,000 or less who cannot prepare their own tax returns. A good opportunity exists for credit unions to build partnerships with existing VITA sites, which are generally open from January to April 15. Credit unions also can provide consumers with alternatives to Refund Anticipation Loans and help them make better financial decisions, the league said. Two credit unions in Illinois have partnered with the Chicago-based Center for Economic Progress, which provides free tax preparation and representation services. South Division CU, Evergreen Park, said the partnership with the center “went great.” “We helped over 40 underserved veterans in just two hours,” said Geri Burek, South Division CEO. The credit union plans to continue helping veterans during the next tax season, Burek said. North Side Community FCU, Chicago, also serves as a host VITA site. The credit union provides service for members on Mondays when the credit union is normally closed, and on Tuesday evenings for community members. “We are always looking for ways to strengthen the relationship with our select employee groups, and VITA is a great way to do it,” said Ed Jacob, North Side CEO.


RSS





print
News Now LiveWire
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
40 minutes ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
44 minutes ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
49 minutes ago
62% worry about financial stability: @CUNAMutualGroup study http://t.co/5jCM1I1hnA
2 hours ago
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
3 hours ago