Tax Law Affects Americans Charitable Contributions and Spending

Kelly Phillips Erb, in an August Forbes.com article, writes that significantly fewer tax returns showed deductions for charitable contributions in 2018 compared to 2017.

Financial institutions need to plan ahead and be prepared for effects changes in fiscal and tax policy have on their clientele. More importantly, credit unions need to be tracking continually their growth and profitability and how this data compares to their past plans and projections.

TCT Risk Solutions provides client credit unions many services to help determine the profitability of individual services and capital investments. One such service that helps board members and management keep an eye on profitability is its Vital Signs monthly report.