Colorado 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.
- State regulator denies credit union attempt to purchase bank. - Colorado Bankers Association, January 2020
- For $37.7 million, Public Service Credit Union received naming rights to the new football stadium at Colorado State University. – Colorado State University, April 2018
- For $12.6 million, the Ent Federal Credit Union received naming rights for the performing arts venue at the University of Colorado. – Ent Credit Union press release, March 2015
- The CEO of the Colorado-based Public Service Credit Union pocketed $11 million in 2010 alone. – Denver Post, April 2012