The Impact of Credit Unions on Kansas
Kansas 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.
CommunityAmerica Credit Union
is the largest credit union in Kansas with$4.8BASSETSLarger than 98% of Kansas-headquartered banks
CommunityAmerica Credit Union
should have paid$7MIN TAXESInstead, they paid $0
Taxes Paid in 2022
