The Impact of Credit Unions on South Carolina

South Carolina 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


Federal Income Taxes Paid Annually by an Average South Carolina Resident Making $62,028/Year


Federal Income Taxes Paid by Credit Unions

Recent News and Insights

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