The Impact of Credit Unions on Wyoming

Wyoming 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.

Blue Federal Credit Union

is the largest credit union in Wyoming with$1.9BASSETSLarger than 100% of Wyoming-headquartered banks

Blue Federal Credit Union

should have paid$1.44MIN TAXESInstead, they paid $0
Taxes Paid in 2022
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Wyoming Banks$10,214,000Line21315
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Wyoming Credit Unions$0Line11321
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Average Wyoming Resident$14,909Line31317

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