The Credit Union Difference Can Be Found In the Data

For more than 100 years, credit unions have existed because banks ignored consumers in need of safe, affordable financial products and services. Since the first credit union was founded in 1909, banks have tried to hold our industry down. With misleading surveys and wolf cries against the industry’s tax-exempt status—data from the Congressional Joint Committee on Taxation has proven the benefits of the exemption—it’s like the professional arsonist complaining that the volunteer fire department does too good of a job cleaning up their mess.