The Impact of Credit Unions on Indiana
Indiana 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.
Indiana Central Credit Union
is the largest credit union in Indiana with$11BASSETSLarger than 100% of Indiana-headquartered banks
Indiana Central Credit Union
should have paid$7.2MIN TAXESInstead, they paid $0
Taxes Paid in 2022
