Alaska Credit Unions' Free Ride

Although they portray themselves as mom and pop shops for people of modest means, today credit unions are a $1.3 trillion industry, with many indistinguishable from banks. The BIG difference – they don’t pay federal income taxes, depriving the U.S. Treasury of roughly $2 billion every year.

Federal Income Taxes Paid by Credit Unions

$0

Federal Income Taxes Paid by Credit Unions
Federal Income Taxes Paid Annually by an Average Alaskan Resident Making $76,440/Year

$0

Federal Income Taxes Paid Annually by an Average Alaskan Resident Making $76,440/Year

Fast Facts

  • The Phoenix Business Journal is reporting that Alaska USA Federal Credit Union (Anchorage, AK) recently paid $17 million for a 2-story, 185,000-square-foot office building in Glendale, Arizona. – Phoenix Business Journal, March 2017
  • Alaska USA Credit Union now operates in Alaska, Arizona, California, and Washington.- Credit Union Watch, March 2017
  • Denali Federal Credit Union (Anchorage, AK) and NuVision Credit Union (Huntington Beach, CA) are proposing a merger that would create a $2.2 billion credit union in 5 states. – Credit Union Journal, March 2018
  • The $7.2 billion Alaska USA Federal Credit Union is available to all residents in the states of Alaska and Washington.  America’s fourth and twelfth largest counties, Maricopa County, AZ, and San Bernardino County, CA, are also eligible to join. – Alaska USA Federal Credit Union,