The Impact of Credit Unions on Idaho
Idaho 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.
Idaho Credit Unions
is the largest credit union in Idaho with$11BASSETSLarger than 100% of Idaho-headquartered banks
Idaho Credit Unions
should have paid$20.1MIN TAXESInstead, they paid $0
Taxes Paid in 2022
