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
ICBA Announces 2019 Community Banking Policy Priorities Press Release, News 04/29/19
Community Bankers in Washington This Week Press Release, News 04/29/19
CUs Continue Commercial Lending Push NewsWatch Today Article 04/12/19
New NCUA Board Chairman Sworn In NewsWatch Today Article 04/09/19
Report Features CU Tax Exemption, Lax Rules NewsWatch Today Article 04/04/19
NCUA Should Improve Loan-Concentration Monitoring Following Failures: IG NewsWatch Today Article 04/04/19
Credit Union Insurance Fund Assets Decline NewsWatch Today Article 03/15/19
ICBA Pushes Back During Credit Union Fly-In NewsWatch Today Article 03/14/19
Iowa Forces Credit Union Name Change NewsWatch Today Article 03/11/19
ICBA Launches Community Focus 2020 Agenda Press Release 03/04/19
ICBA: Credit Union Rule Abandons Urban Cores NewsWatch Today Article 01/28/19
ICBA: Credit Union Rule Abandons City Centers Press Release 01/28/19
ICBA Seeks Hearings on ‘Emergency’ CU Merger NewsWatch Today Article 01/22/19
ICBA Pushes Back on PenFed Acquisition Plans NewsWatch Today Article 01/07/19
Romero Rainey: End the Credit Union Free Ride NewsWatch Today Article 09/18/18
ICBA Sends Report on Credit Union Growth to Congress NewsWatch Today Article 08/07/18
ICBA Opposes NCUA Rule Issued Amid Court Challenge Press Release 06/21/18
ICBA Continues Hill Campaign Exposing Credit Union Tax Exemption NewsWatch Today Article 06/20/18
ICBA Seeks Senate Amendment Creating Military-Banking Parity NewsWatch Today Article 06/06/18
ICBA Joins Sen. Hatch’s Call for Credit Union Transparency Press Release 04/24/18

Letters to Congress

Title Recipient Date
Senate Banking Committee, House Financial Services Committee, Senate Finance Committee, House Ways and Means Committee
01/18/2019
Sen. James Inhofe
06/05/2018
Senate Finance Committee Chairman Orrin Hatch (R-Utah)
02/20/2018
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

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

Testimonies

Title Committee Presenter Date
House Subcommittee on Financial Institutions
Written Statement
07/23/15

Summaries

Title Content Type Date