Americans want Congress to hold credit unions accountable
62% say Congress should examine whether credit unions are providing enough community benefit to warrant receiving a tax exemption.
only 18% are aware that credit unions DO NOT pay federal taxes
3X as many consumers believe credit unions should pay federal taxes just like banks, rather than those who believe they should not
53% support vs 15% oppose majority of consumers believe credit unions should be subject to community reinvestment reporting requirements that quantify their impact on their communities, including low- and moderate income areas, just like banks
Consumers want credit unions to follow same rules as banks
80% agree any business providing bank-like services (e.g., checking/ savings accounts and loans) to consumers should have to comply with the same rules and regulations as banks
Source: Morning Consult, on behalf of American Bankers Association, conducted an online survey from Sept. 20-22, 2023. The margin of error is plus or minus 2 percentage points, from a weighted sample of 2,211 adults.
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