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.
