Dear Members,

Please be aware if you receive an email from vfcu@vfcu.net along with http://www.vfcu.net/ and verification@curesources.coop together please do not open email; delete it immediately. Valley Federal Credit Union will never send an email regarding conducting verification of members accounts. Thank you Valley Federal Credit Union.

Do credit unions pay taxes?

Credit unions pay payroll, property and sales taxes as well as various licenses and fees. They are exempt from paying income tax by law due to all funds earned after operating expenses being returned to members. As not-for-profit institutions, they return excess earnings to members in the form of higher savings rates, lower loan rates and lower to no fees. Every credit union shares this not-for-profit structure and service-oriented philosophy of “not-for-profit, not for charity, but for service.”

Contact Us

To learn more about how credit unions pass savings onto their members, contact Valley Federal Credit Union’s main office in Brownsville at (956) 546-3108. Become a member today and start enjoying their excellent benefits.

Related Articles