The Impact of Credit Unions on North Dakota
North Dakota 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.
First Community Credit Union
is the largest credit union in North Dakota with$1.3BASSETSLarger than 84% of North Dakota-headquartered banks
First Community Credit Union
should have paid$2.22MIN TAXESInstead, they paid $0
Taxes Paid in 2022
