The Impact of Credit Unions on District of Columbia
District of Columbia Credit unions’ federal tax exemption no longer serves its purpose as the industry moves even further away from its mission of providing consumer-focused financial services to people of modest means.Credit unions deprive the U.S. Treasury of .1 billion a year, while taxpayers in every state pick up the tab.
is the largest credit union in District of Columbia withASSETSLarger than of District of Columbia-headquartered banks
should have paidIN TAXESInstead, they paid $0
Taxes Paid in 2022
