The Impact of Credit Unions on Hawaii
Hawaii 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.
Hawaii USA Federal Credit Union
is the largest credit union in Hawaii with$2.4BASSETSLarger than 43% of Hawaii-headquartered banks
Hawaii USA Federal Credit Union
should have paid$2.3MIN TAXESInstead, they paid $0
Taxes Paid in 2022
