Friday, February 28, 2014

Eastman Credit Union

Eastman Credit Union is a state-chartered credit union headquartered in Kingsport, Tennessee. At the end of 2013, the credit union reported assets of $2.8 Billion and net income of $32.3 Million.

However, the credit union reported paying ZERO corporate income taxes.


  1. Wells Fargo & Co., Goldman Sachs Group, PNC Financial Services Group, Capital One Financial Inc. and State Street Corp. were among 78 of America’s largest and most profitable corporations that managed to avoid paying income tax in at least one year from 2008 to 2011.

  2. I wonder how many modest means loans Eastman could have made with a more modest hq

  3. "from 2008 to 2011" You left out the depression! They probably "managed to avoid" paying taxes for a year then also.

  4. I wonder how many more modest means loans many credit unions could've made with more modest headquarters!
    Let's start a list of extravagant hqs!
    Truliant and that silly service tower!
    Who's next?



The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.