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Women's Southwest FCU

Tax Savings

For the 2007 tax year the credit union partnered with the IRS to provide free income tax service to members and community residents. We served 173 people and the credit union was able to save the average person $250.00 (low estimate) in fees they usually paid to income tax preparation places for preparation and rapid refund fees. Community residents/members received back $65,027 in earned income tax credit and a total of $184,039 in refunds. Sixty nine people received credit counseling services and of the 173 served 68 were already credit union members.

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