Skip to main content
Take Action
Menu
Search

The Impact of Credit Unions on Missouri

Missouri 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

$11,475

Federal Income Taxes Paid Annually by an Average Missouri Resident Making $60,597/Year

$0

 Federal Income Taxes Paid by Credit Unions

Recent News and Insights

Missouri Credit Union Finalizes Purchase of Corporate Headquarters Anheuser-Busch Employees’ Credit Union and its divisions, American Eagle Credit Union and Purina Credit Union, finalized the purchase of a state-of-the-art corporate headquarters, listed at $10.75 million.
Got Beer? Got Credit Union. President & CEO Bob McKay said Together Credit Union wanted to spread the word that “we serve everybody,” he told the St. Louis Business Journal.
Credit Union “Field of Membership” Expands to All who Can Drink Beer Back in grandpa’s day, credit unions required a “common bond” for membership. That is, members who pooled their money to help those of “small means” needed to share a common employer, hometown, or go to the same church to enjoy special treatment from the government.

Learn more about the issue.

Cost to Taxpayers icon

Cost to Taxpayers

Abandoned mission icon

Abandoned Mission

unwarranted advantage icon

Unwarranted Advantage

Lack of accountability icon

Lack of Accountability

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

Take Action Now
ABA: The American Bankers Association
Copyright © 2022 American Bankers Association | About this Campaign
Twitter Facebook-f

Copyright © 2021 American Bankers Association | About this Campaign