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
Michigans new tax plan doesnt affect CUs
LANSING, Mich. (2/1/11)--Michigan Lt. Gov. Brian Calley told a meeting of credit union executives that Michigan Gov. Rick Snyder has no plans to change credit unions’ nonprofit status. Calley’s presentation clarified the impact of the governor’s recently released budget plan on credit unions, saying that the changes would not touch nonprofit tax exemptions (Michigan Monitor Jan.31). He spoke at the Michigan Council of Credit Union Executives’ Economic Summit in Ypsilanti. The Snyder administration’s budget seeks to eliminate the Michigan Business Tax and replace it with a 6% Michigan Corporate Income Tax. The only tax credit to remain will be the small-business tax credit. The proposed corporate income tax will function as a tax on profit, and should not affect not-for-profit credit unions, said the Michigan Credit Union League. The event also featured CenCorp President/CEO Bill Walby, Credit Union National Association Vice President of Economic and Statistics Mike Schenk and other presenters on risk management, capital markets and housing trends.


RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
10 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
11 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
13 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
14 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
15 hours ago