ALL LOCATIONS CLOSED: Due to inclement weather, all Truliant locations will be closed on Saturday, Sept. 15, 2018. Access your accounts and more with Truliant’s Tru2Go ATMs, and online and mobile banking tools.
System Maintenance:
Due to scheduled maintenance on Sunday, September 9, 2018 between 6:00am and 2:00pm ET, Truliant's Easy Deposit check deposit feature will be intermittently unavailable.  If you encounter an error, please logout and login again.  Extended maintenance for Online Banking, Tru2Go Mobile and Tablet Applications on Sunday, September 9,2018 beginning at 12:00am - 5:00am ET.
political involvement

Consumer Advocacy

  • We serve your financial needs as a member-owner and as a consumer
  • We want to keep you informed about important topics that affects your finance
  • Speak out and support our cause to keep credit unions strong and consumers protected
  • Consumer Advocacy
  • At Truliant Federal Credit Union, we are dedicated to serving your financial needs not only as a member-owner, but also as a consumer. That is why we are active on the legislative side to ensure that your rights as a consumer are also protected. Over the years we’ve fought to prohibit predatory lending, to give all consumers access to credit unions and to preserve credit unions’ tax-exemption status as not-for-profit financial institutions.

    Why Are Credit Unions Tax-Exempt?

    Credit unions were granted the federal and state corporate income tax exemptions because they help their member-owners, working-class families, realize their financial dreams. Truliant's mission is to enhance the financial lives of our member-owners by taking time to understand and meet your needs.

    Congress provided this tax-exemption for several reasons:

    • Credit unions are not-for-profit financial institutions that are owned by its members.
    • Credit unions don’t exist to make a profit for outside stockholders, like banks; we exist to serve our member-owners.
    • Any earnings Truliant makes are returned to all of our member-owners in the form of higher rates on deposits, lower rates on loans and lower fees.

    Do Credit Unions Pay Any Taxes?

    Yes. Credit unions pay a variety of corporate income taxes which include payroll taxes, unemployment taxes and local property taxes that fund city and county government, including schools.

    What Would Be the Cost if Credit Unions Were Taxed?

    The National Association of Federal Credit Unions (NAFCU) commissioned a study* to examine what would happen to the U.S. economy if the credit union federal income tax exemption was eliminated. The study showed that there would be a severe reduction in the number of credit unions, which would reduce competition for consumer financial services and lead to higher interest rates on consumer loans and lower interest rates on deposits for consumers.

    It is estimated that consumers benefit to the tune of $8 billion annually because credit unions are tax-exempt. If credit unions are subjected to additional taxes, those taxes are imposed on the 96 million Americans who use credit unions to conduct their financial transactions.

    How Can I Help Make Sure That Credit Unions Aren’t Taxed?

    Please consider donating to our Deduct-A-Buck program. The money raised goes to political action committees that works to get pro-credit union candidates elected.

    *Economic Benefits of the Credit Union Tax Exemption to Consumers, Businesses, and the U.S. Economy study prepared on behalf of the National Association of Federal Credit Unions: www.nafcu.org/research