Credit Unions

When credit unions were originally established by Congress, they were granted a federal tax exemption because they existed to serve those of modest means who share a common bond. Today, many credit unions are virtually indistinguishable from taxpaying community banks.

ICBA is urging Congress to level the tax and regulatory playing field between community banks and credit unions. Meanwhile, it strongly opposes the National Credit Union Administration’s expansionist agenda to circumvent Congress and award new powers to these tax-exempt institutions.

LEARN MORE ABOUT ICBA'S LAWSUIT AGAINST THE NATIONAL CREDIT UNION ADMINISTRATION

TAKE ACTION!

Join ICBA in calling on Congress to ensure credit unions do not become tax-exempt banks.


Articles & Press Releases

Title Publication Date
Sen. Hatch Speaks Out Against Credit Union Power Grab NewsWatch Today Article 02/01/18
ICBA Thanks Sen. Hatch for Speaking Out Against Credit Union Power Grab Press Release 01/31/18
Fine: Don’t Let a Credit Union Regulator Run the CFPB NewsWatch Today Article 01/08/18
ICBA Concerned with Possible NCUA Pick to Head CFPB NewsWatch Today Article 01/05/18
Committee Approves Exam Relief, Credit Union Bills NewsWatch Today Article 12/14/17
ICBA Backs Exam Relief, Opposes Credit Union Bill Ahead of Markup NewsWatch Today Article 12/12/17
ICBA Continues Tax Push with Conferees NewsWatch Today Article 12/08/17
Custom Op-Ed Spotlights Credit Union Mission Creep NewsWatch Today Article 11/08/17
ICBA, State Affiliates File Brief Supporting ABA Lawsuit Against NCUA Press Release 06/05/17
ICBA Urges NCUA to Withdraw Alternative Capital Plan Press Release 05/09/17
ICBA Statement on NCUA Lawsuit Press Release 03/27/17
ICBA Comment on Dismissal of Lawsuit Against NCUA Press Release 01/24/17
ICBA Statement on NCUA Lawsuit Court Hearing Press Release 12/15/16
ICBA to Court: Reject NCUA Motion to Dismiss Lawsuit NewsWatch Today Article 11/17/16
ICBA to Court: Reject NCUA Motion to Dismiss Commercial Lending Lawsuit Press Release 11/17/16
ICBA Standing Firm in Credit Union Lawsuit CEO Alert 11/17/16
ICBA Stands Firmly Opposed to NCUA’s New Field of Membership Rule Press Release 10/27/16
ICBA Sues NCUA Over Unlawful Lending Regulation Press Release 09/07/16
ICBA Stands Up to Runaway Credit Union Regulator CEO Alert 09/07/16
ICBA: NCUA Sidesteps Congressional Debate Over Credit Union Business Lending Press Release 02/18/16

Letters to Congress

Title Recipient Date
House Financial Services Committee
12/12/2017
Tax Cuts and Jobs Act Conference Committee
12/07/2017
Representative Wagner
08/03/2017
Senators McConnell and Reid and Representatives Ryan and Pelosi
01/20/2016
Congress
07/21/2015
Senators Boozman and Coons
07/21/2015
Representatives Rogers and Lowey
06/11/2015
Senators Hatch and Wyden, Representatives Ryan and Levin
05/14/2015
House and Senate
03/10/2015
Congress
09/09/2014
Representative Camp
03/10/2014

Letters to Regulators

Title Recipient Date
NCUA
05/09/2017
OMB
01/30/2017
National Credit Union Administration
12/10/2016
NCUA
02/08/2016
Arizona Department of Financial Institutions, CFPB, FDIC, Federal Reserve, NCUA and OCC
09/11/2015
NCUA
08/31/2015
National Credit Union Administration
04/23/2015
NACHA – The Electronic Payments Association
02/26/2015
NACHA - The Electronic Payments Association
02/06/2015
NCUA
05/28/2014

Testimonies

Title Committee Presenter Date
House Subcommittee on Financial Institutions
Written Statement
07/23/15
Senate Banking, Housing, and Urban Affairs Committee
John Buhrmaster
02/12/15

Summaries

Title Content Type Date