Friday, April 18, 2014

Vystar Credit Union


Vystar Credit Union is a $4.9 billion in assets credit union headquartered in Jacksonville, Florida. The credit union reported net income (profits) of almost $50.2 million and paid NO corporate income taxes.
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4 comments:

  1. AnonymousApril 18, 2014 at 9:40 AM

    and your point is?

    ReplyDelete
  2. AnonymousApril 18, 2014 at 4:39 PM

    They seem to qualify to be a tax free SubChapter S Bank.

    ReplyDelete
  3. Keith LeggettApril 19, 2014 at 8:04 AM

    I would not object to them being taxes like a pass through entity. The members would be responsible for the taxes on the undistributed profits.

    ReplyDelete
    Replies
    1. AnonymousApril 20, 2014 at 7:43 AM

      Credit union people who use the counter argument of sub chapter S are a funny lot.
      They don't know how stupid Cuna makes them sound.
      Instead of looking into whether it's true or not, they simply repeat it, I guess that why there is the phrase, "parroting the party line".
      Could explain it but what's the point.
      Anonymous want a cracker??

      Delete

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