The Impact of Credit Unions on Oklahoma

Oklahoma 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. One Oklahoma credit union, Tinker Federal Credit Union, is larger than 98% of all banks headquartered in the state. That’s an unfair share of the market.

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

Key Statistics

$10,589

Federal Income Taxes Paid Annually by an Average Oklahoma Resident Making $59,397/Year

$0

Federal Income Taxes Paid by Credit Unions

Recent News and Insights

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