Research presented in a report – titled "Economic Benefits of the Credit Union Tax Exemption to Consumers, Businesses and the U.S. Economy" – found that loss of the credit union tax exemption would cost the federal government $15 billion in lost tax revenue, $148 billion in GDP, and 1.5 million lost jobs over the next decade.

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"This study shows how vitally important credit unions are to all Americans, not just those who are members of a credit union," said NAFCU CEO Fred Becker. "It is clear that the benefits of the credit union tax exemption are a great boon to our overall economic welfare and prosperity and that its preservation should be of the highest priority."

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Ending Tax Exemption Would Cost Revenue and Jobs, Study Claims: Onsite Coverage

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