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Tell Congress to Oppose New IRS Reporting Provisions

As Congress considers critical new infrastructure spending, policymakers are eying unconventional sources of revenue to fund their plans.

One proposal under consideration would require credit unions and other financial institutions to report to the Internal Revenue Service (IRS) how much money has gone into and out of accounts holding more than $600.
This unprecedented access to consumers’ personal financial data raises several alarms.
This proposal would violate consumers’ personal privacy by forcing credit unions and banks to provide the government with information that does not reflect taxable activity.
Financial institutions—particularly those in rural and low-income communities—would face unnecessary and expensive regulatory hurdles that could make it untenable to serve those consumers already left behind by Wall Street banks.
The government relies on decades old data systems to store and secure IRS information. These systems have already been compromised in recent years, and the addition of this type of data only increases the likelihood of a future breach.

 

Send your letter HERE!

 

ANY POP-UPS YOU MAY SEE WHILE ON OUR WEBSITE HAS NO AFFILIATION WITH DACOTAH FEDERAL CREDIT UNION

IF YOU THINK YOU’RE BEING SCAMMED…

If you receive a phone call stating your debit card has been suspended hang up and call our office at 605-791-1424.  Do not release any information!!  Additionally, our fraud monitoring system does not ask for card numbers or PINs.

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Lost or stolen ATM/Debit card? First, please turn your card off using the SecurLOCK app. Second, please call our office at 605-791-1424. If your card is lost or stolen after hours please call 1-800-236-2442 to report it and then call our office the next business day to get a new card ordered.