The Impact of Credit Unions on Montana

Montana 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.

Whitefish Credit Union Association

is the largest credit union in Montana with$2.0BASSETSLarger than 98% of Montana-headquartered banks

Whitefish Credit Union Association

should have paid$146,000IN TAXESInstead, they paid $0
Taxes Paid in 2022
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Montana Banks$150,284,000Line21315
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Montana Credit Unions$0Line11321
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Average Montana Resident$10,263Line31317

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