The Impact of Credit Unions on Florida

Florida credit unions’ free ride on federal income taxes doesn’t make sense anymore, and their once-justified special treatment comes at a cost to the American people.

Credit unions deprive the U.S. Treasury of $2.6 billion a year, while taxpayers in every state pick up the slack.

Key Statistics

$15,316

Federal Income Taxes Paid Annually by an Average Florida Resident Making $58,368/Year

$0

Federal Income Taxes Paid by Credit Unions

11

Total Number of Banks Acquired by Credit Unions in Florida Since 2010

Recent News and Insights

Tell Congress: It’s time to reform credit unions.