Missouri 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.
- President & CEO Bob McKay said Together Credit Union wanted to spread the word that "we serve everybody,” he told the St. Louis Business Journal. - Explore Credit Unions, November 2019
- Anheuser-Busch Employees’ Credit Union and its divisions, American Eagle Credit Union and Purina Credit Union, finalized the purchase of a state-of-the-art corporate headquarters, listed at $10.75 million. – CUInsight, June 2017
- Vantage Credit Union had to pay $28 million in a class action lawsuit after reports that 3,000 people complained over allegedly faulty repossession notices. – Missouri Lawyers Weekly, January 2014