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New IRS Proposal Could Affect Your

 

Dear Member, 

 

 

 

As Congress considers new infrastructure spending, lawmakers are considering unconventional sources of revenue to fund their plans.?One proposal under consideration would require financial institutions like H.E.A. Federal Credit Union to report to the Internal Revenue Service (IRS) many activities on accounts with balances over $600.?Such an unprecedented grab of your personal financial data raises several concerns.? 

 

 

 

 

 

  • This proposal would violate the personal privacy of consumers like you by forcing credit unions and other financial institutions to provide?the government with information that does not reflect taxable activity.?? 

     

 

  • Financial institutions—particularly those in rural and low-income communities—would face a new and expensive regulatory burden that could make them unable 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 of your personal financial information.? 

    ? 

    What We Need?from?You? 

     

    At H.E.A. Federal Credit Union, we believe it’s our duty to inform you when legislation is being discussed that could directly affect you. 

     

    Please consider lending your voice to this important effortclick on?this?link?to learn more and send an e-mail to your U.S. Representative.  

     

    Tell Congress to reject this new IRS reporting provision. 

     

    Thank you for your time.???? 

     

    Sincerely,??? 

     

    Brad Hamlin

    H.E.A. Federal Credit Union

 

CORONAVIRUS UPDATE

Our lobby is now open.

For your convenience, please call us at 478/953-7477 to schedule an appointment for loan requests or for opening new accounts.

You can also access your money 24 hours a day by using your debit card at ATM machines and at any business
that accepts Visa. Your current balance and account history can be obtained by logging in to our Home Banking
service.

Please call us at 478/953-7477 if you have any questions.

LOAN REFINANCE SPECIAL

BRING US YOUR AUTO LOAN FROM ANOTHER LENDER AND IN MOST CASES WE WILL BE ABLE TO LOWER YOUR INTEREST RATE AND YOUR MONTHLY PAYMENT. CALL A LOAN OFFICER FOR DETAILS.

 

E-STATEMENTS

WE ARE NOW CHARGING A $1 FEE EACH TIME A PAPER STATEMENT IS PROCESSED. TO AVOID THIS FEE, PLEASE SIGN UP FOR E-STATEMENTS BY LOGGING ON TO YOUR ACCOUNT ON HOME BANKING. CALL US FOR FURTHER INSTRUCTIONS.