The Impact of Credit Unions on Pennsylvania
Pennsylvania 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.
Police and Fire Federal Credit Union
is the largest credit union in Pennsylvania with$8.8BASSETSLarger than 98% of Pennsylvania-headquartered banks
Members 1st Federal Credit Union
should have paid$29.1MIN TAXESInstead, they paid $0
Taxes Paid in 2022
