Congress is considering tax reforms that could impose a federal tax on credit unions. This isn’t just a tax on us—it’s a tax on you and your financial future.

Credit unions exist to serve people, not profit. Unlike big banks, we are not-for-profit, member-owned, and volunteer-based—which means we reinvest our earnings into better rates, lower fees, and community programs that benefit you.

If Congress removes our tax-exempt status, it will cost us millions—money that would otherwise go toward higher dividends, lower loan rates, and local investment in the Rio Grande Valley.

How Security First Credit Union Supports You & Our Community

At Security First Credit Union, our profits don’t go to out-of-state investors—they stay here, con nosotros, in the Rio Grande Valley.
In 2024, Security First Credit Union invested back into the Rio Grande Valley economy:

• $100+ million invested in auto loans to help members get to work, school, and family.
• $5.4 million paid in dividends—putting money back in your pocket.
• Nearly $110 million in consumer loans—strengthening our local economy.
• Drive Your Dream Program: 1,101 loans totaling $40.5 million to help families access affordable vehicles.

What’s at Stake?

If big banks succeed in eliminating our tax-exempt status, Security First Credit Union would be forced to pay $2.65 million in federal
income taxes—limiting our ability to offer low-rate loans, financial education, and community investment programs.

This tax threatens:

• Your lower loan rates
• Your higher savings dividends
• Your access to affordable financial services