The Impact of Credit Unions on New Mexico
New Mexico 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.
Nusenda Federal Credit Union
is the largest credit union in New Mexico with$4.3BASSETSLarger than 100% of New Mexico-headquartered banks
Nusenda Federal Credit Union
should have paid$5.1MIN TAXESInstead, they paid $0
Taxes Paid in 2022
