Montana 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.
- In 2017, Montana permitted credit unions to be privately insured by American Share Insurance (ASI). –CUInsight, December 2017
- In an effort to expand memberships and profits, Montana First Credit Union has attempted multiple times to merge with various other mega credit unions, including Horizon Credit Union. – Missoulian, June 2012