The Impact of Credit Unions on New Hampshire

New Hampshire 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 $3.1 billion a year, while taxpayers in every state pick up the tab.

Key Statistics

$14,514

Federal Income Taxes Paid Annually by an Average New Hampshire Resident Making $86,900/Year

$0

Federal Income Taxes Paid by Credit Unions

1

Total Number of Banks Acquired by Credit Unions in New Hampshire Since 2010

Recent News and Insights

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