Credit union reform in banks’ crosshairs

Did you know the average federal income tax paid by an Oklahoma resident was $10,589 last year?

Did you know the TOTAL income taxes paid by credit unions was $0?

As a banker, you probably did, but do your customers know? In a time when the federal deficit is regularly at the forefront of the news, maybe they should know what it’s costing the country (not just banks) when they continue to operate as tax-free entities.

These are the talking points the Oklahoma Bankers Association will try to make to our representatives and senators on Capitol Hill over the next few months, and one way our banks can assist. Keep an eye on the OBA Update and website, as well as the OBA social media efforts, for more information soon on how you, an Oklahoma banker, can help!