The Impact of Credit Unions on Oklahoma
Oklahoma 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. One Oklahoma credit union, Tinker Federal Credit Union, is larger than 98% of all banks headquartered in the state. That’s an unfair share of the market.Credit unions deprive the U.S. Treasury of .1 billion a year, while taxpayers in every state pick up the tab.
Tinker Federal Credit Union
is the largest credit union in Oklahoma with$5.9BASSETSLarger than 98% of Oklahoma-headquartered banks
Tinker Federal Credit Union
should have paid$15.4MIN TAXESInstead, they paid $0
Taxes Paid in 2022
