Credit Unions

Stop the CU Grab

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.

TAKE ACTION!

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



Date Title Publication
     
06/23/2016 All CUs Could Serve Underserved Areas Under New Bill NewsWatch Today
     
06/06/2016 NCUA Lauds Growth in Credit Union Lending NewsWatch Today
     
05/27/2016 ICBA Fight Against Expansionist NCUA Makes Headlines NewsWatch Today
     
05/06/2016 NCUA Vice Chairman Metsger Appointed Chairman NewsWatch Today
     
05/06/2016 ICBA to Congress: Credit Union Admits It’s a Tax-Free Bank NewsWatch Today
     
04/15/2016 Credit Suisse Owes Credit Union Agency $50 Million NewsWatch Today
     
03/08/2016 Tax-Exempt Credit Unions Priority Policy Resolution
     
02/18/2016 ICBA: NCUA Sidesteps Congressional Debate Over Credit Union Business Lending News Release
     
02/09/2016 ICBA: NCUA Expansionist Credit Union Proposal Flouts Congressional Authority News Release
     
02/08/2016 Letter on NCUA's Proposal to Significantly Expand Field of Membership Rules for Federally Charted Credit Unions Letter to Regulators
     
01/20/2016 Industry Letter on the National Credit Union Administration’s (NCUA) Proposal to Reform Its Field of Membership Restrictions Industry Letter to Congress
     
11/20/2015 ICBA: Credit Union Regulator Again Shows it’s Captive to Tax-Exempt Industry News Release
     
08/31/2015 ICBA Opposes Plan to Expand Credit Union Business Lending Powers News Release
     
08/31/2015 Proposed Rule to Expand the Offering of Member Business Loans and Commercial Loans Letter to Regulators
     
07/21/2015 Letter Requesting Hearing on NCUA Member Business Lending Proposal Letter to Congress
     
07/21/2015 Letter Opposing Amendment Increasing Credit Union Member Business Lending Cap Letter to Congress
     
06/22/2015 ICBA Rejects NCUA Proposal to Expand Credit Union Business Lending Powers News Release
     
05/14/2015 Tax Subsidies For Credit Unions and the Farm Credit System Letter to Congress
     
04/23/2015 National Credit Union Administration Risk-Based Capital Letter to Regulators
     
03/10/2015 CUNA Fly In Letter to Congress
     
03/03/2015 ICBA: Tax-Exempt Credit Union Push Makes No Financial or Fiscal Sense News Release
     
09/09/2014 Oppose Any New Expanded Powers for Credit Unions Letter to Congress
     
05/28/2014 Prompt Corrective Action—Risk Based Capital Letter to Regulators
     
03/10/2014 Industry Letter on Credit Union Tax Exemption Industry Letter to Congress
     
07/23/2013 Reconsideration of the Tax Exemption for Large Credit Unions: An Opportunity to Broaden the Tax Base, Raise Revenue, and Improve the Marketplace for Financial Services Letter to Congress
     
06/20/2013 Credit Union Tax Exemption Letter to Congress
     
06/18/2013 Credit Union Tax Plan Letter to Congress
     
05/17/2013 Opposition to the Small Business Lending Enhancement Act (S. 968) Letter to Congress
     
05/17/2013 ICBA: Tax-Exempt Credit Union Push Makes No Financial or Fiscal Sense News Release
     
03/11/2013 Opposition to the Capital Access for Small Business Act (H.R. 719) Letter to Congress
     
02/20/2013 Credit Union Member Business Lending Letter to Congress
     
11/26/2012 Letter Opposing S. 2231 Joint Letter to Congress
     
11/15/2012 Congressional Budget Office Revenue Cost Estimates for H.R. 1418 and S. 2231 (Credit Union Member Business Lending) Letter to Congress
     
07/26/2012 Why Lift Lending Cap? Credit Unions Can Skirt It Anyway Op Ed by Cam Fine on American Banker.com
     
07/23/2012 Proposed Expansion of Member Business Lending Authority for Credit Unions Letter to Congress
     
07/17/2012 Joint Letter Opposing S. 2231 Joint Letter to Congress
     
05/14/2012 Credit Union Tax Exemption Letter to Congress
     
04/16/2012 Opposition to the “Restore Main Street’s Credit Act of 2012” (H.R. 4293) Letter to Congress
     
04/11/2012 Credit Union CEO Opposes Enhanced Lending Authority for Credit Unions Letter to Congress
     
03/26/2012 Credit Union Collapse a Wake-Up Call to Stop Controversial Business Lending Expansion News Release
     
03/15/2012 Joint Letter Opposing the Small Business Lending Enhancement Act (H.R. 1418 and S. 509) Joint Letter to Congress
     
03/15/2012 Joint Letter Supporting H.R. 3606 But Opposing Senator Udall’s Amendment Joint Letter to Congress
     
03/06/2012 Joint Letter Opposing S. 509 Joint Letter to Congress
     
02/06/2012 Industry Letter Opposing H.R. 1418 Industry Letter to Congress
     
08/30/2011 Opposition to Expanded Subsidies for Tax-Exempt Credit Unions Letter to President Obama
     
06/14/2011 Industry Letter Opposing to the Small Business Lending Enhancement Act of 2011 (S. 509) Industry Letter to Congress
     
03/03/2011 Opposing Expansion of Credit Union Lending Powers Letter to Congress
     
07/08/2010 Letter Opposing Udall Credit Union Amendment to the Small Business Lending Fund Legislation Letter to Congress
     
06/09/2010 Credit Unions Letter to the Editor
     
06/09/2010 Benefits of Community Banks Letter to the Editor
     
05/19/2010 Expansion of Credit Union Commercial Lending Powers Letter to Congress
     
02/26/2010 ICBA Successfully Opposes Credit Union Plan, Though Threat Remains IWR
     
12/07/2009 Opposition to Adding HR 3380 to a Future Jobs Bill Letter to Congress
     
03/25/2009 Proposed Expansion of Credit Union Powers Letter to Regulators
     
     

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