Nevada 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 2016, Nevada’s Greater Nevada Credit Union began a multi-year naming rights agreement with the home venue of the Reno Aces Baseball Club and Reno 1868 Football Club to be known as Greater Nevada Field. This type of sponsorship typically costs a minimum of six figures annually. – Reno 1868, March 2016
- In 2010, Nevada Federal Credit Union began paying members that only use the credit union for savings to withdraw funds after realizing the savings account were costing the credit union’s profits. – Credit Union Watch, March 2010