The Impact of Credit Unions on the United States

Q. Who pays?
A. You pay! Credit unions don’t.

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


Average taxes paid by Americans in 2019. Paid by credit unions? $0.


Growth in assets for credit unions in 2020, as they seek more affluent customers.

$11 B

In bank assets bought up by credit unions over the last 10 years.

$330 M

Average bank size acquired by credit unions since 2019. That’s nearly 3x the prior 7 years.

Recent News and Insights

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