Credit Unions
Credit Unions
The resources below were developed with the American Bankers Association to help bankers make the case for ending credit unions’ outdated tax exemption. You can take grassroots action, view key messages, and learn more about why it’s time to ask credit unions to pay their fair share.
Past CBA Chair Rick Smith Opinion Editorial: Credit unions get unfair tax advantage
Past CBA chairman and TriCounties Bank President & CEO Rick Smith discusses the tax disparity between banks and credit unions in the Sacramento Business Journal.
Rod Brown Opinion Editorial: Credit Unions: A Tax Break That’s No Longer Justified
CBA President and CEO Rodney Brown discusses the credit union state and federal tax exemption in the Sacramento Bee.
Compelling Facts and Figures
- Credit Unions are now a $1 trillion industry, competition for the same business and offering the same products as community banks.
- There are now 208 credit unions with more than $1 billion in assets – a large increase from 1991, when only 11 credit unions were this large.
- A 2006 U.S.