Nothing brings residents and fans together like the construction of a world-class downtown arena, a visible symbol of the region’s economic and cultural revival. The community continues to celebrate the historic announcement of a 20-year partnership between the Sacramento Kings and Sacramento’s own Golden 1 Credit Union.
Why Credit Unions Are Tax Exempt – Credit unions don’t pay federal income tax because we are not-for-profit financial cooperatives…
What’s the difference between a traditional bank and a credit union? Well, think of it this way; banks are businesses owned by shareholders, credit unions are not-for-profit money cooperatives owned by those who belong to the credit union.
You’re part of a credit union–wonderful! But what, exactly, does that mean? How will it affect your day-to-day life? What does credit union membership mean for your checking account, your auto loan, and your financial future?
A new analysis by the independent economic research firm ECONorthwest found that Oregon’s credit unions generated $1.9 billion in economic impact in 2014.
The realities behind this top-line figure show that not-for-profit cooperative credit unions are foundational to the state’s economy.