Credit Unions: Generating Billions in Benefits for Everyone

Don't Tax My Credit Union

NAFCU: Credit Unions Generate Big Economic Benefits for ALL Americans

Credit unions are exempt from paying federal taxes but they still generate around $17 billion in benefits to Americans each year, according to The National Association of Federal Credit Unions.

In a new study, NAFCU said that credit unions directly benefit Americans – regardless of whether they are CU members or not. The study found that credit union members realized $51.5 billion in benefits over the nine-year span of the study by enjoying the lower fees and loan interest rates offered by CUs vs. banks.

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