NAPERVILLE, Ill. — The Illinois Credit Union League is encouraging more of the state's credit unions to get involved with a federal program that can put relatively large lump sums of money in the hands of lower income credit union members.
Lower income Americans can get a significant credit on their federal taxes through the earned income tax credit program, as much as $1,500 or more.
But in order to receive the credit, they have to fill out tax returns. The IRS has a long-standing program, volunteer income tax assistance, to help them do this. The VITA program provides the point of contact where a credit union can help its members help themselves and, in turn, help the credit union, according to ICUL spokesman William Wille.
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