Members save over $6 billion each year by doing business with their credit unions as opposed to banks, through lower fees and interest rates, and higher returns on deposits. Bank customers benefit as well, to the tune of $2 billion because credit unions provide competition in the marketplace. With credit unions existing in the United States, consumers save over $8 billion annually.
Credit unions are exempt from Federal and most State income taxes because they are member-owned, democratically operated, not-for-profit cooperatives, generally managed by volunteer boards of directors with a specified purpose of promoting thrift and providing access to credit for provident purposes.
The not-for-profit governance model relies on one member, one vote. Unlike banks, credit unions exist to serve their members…not investors.
Goldenwest is part of a national campaign dedicated to preserving the financial choice for Americans by ensuring the U.S. Congress doesn’t raise taxes on 96 million credit union members nationwide. Goldenwest invites our members to join the cause and become credit union advocates.
As a credit union advocate, you'll have the opportunity to:
You can become an advocate by completing the form on this page. We are requesting your email address so we can efficiently communicate with you as needed.
Should you have questions about credit union advocacy, you may contact Goldenwest via email at firstname.lastname@example.org.
Here is a video explaining the benefits of credit unions in your community.