The Impact of Credit Unions on Tennessee
Tennessee 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.
Eastman Credit Union
is the largest credit union in Tennessee with$8.0BASSETSLarger than 99% of Tennessee-headquartered banks
Eastman Credit Union
should have paid$32.1MIN TAXESInstead, they paid $0
Taxes Paid in 2022
