Credit Unions

While credit unions were originally granted a federal tax exemption because they were established by Congress to serve those of modest means who share a common bond, many are now virtually indistinguishable from taxpaying community banks. ICBA urges Congress to level the tax and regulatory playing field between community banks and credit unions while it strongly opposes the National Credit Union Administration’s expansionist agenda.

With the ICBA Credit Union Task Force, ICBA is taking on the disturbing trend of large credit unions increasing their taxpayer-subsidized footprint by buying up smaller, taxpaying community banks. ICBA offers the following customizable resources that community bankers can use to shine a light on this troubling trend in their local communities.


Articles & Press Releases

Title Publication Date
NCUA Board Member Faults Agency on Taxi Scandal NewsWatch Today Article 09/12/19
Feds Investigating Fraud Amid Taxi Scandal NewsWatch Today Article 09/10/19
Credit Union Consolidation Continues NewsWatch Today Article 09/04/19
Credit Union Acquisition Trend Spotlighted in WSJ NewsWatch Today Article 09/03/19
ICBA, Groups Urge Military-Banking Parity NewsWatch Today Article 08/28/19
Appeals Court Largely Upholds Field-of-Membership Rule NewsWatch Today Article 08/20/19
ICBA: Stop Credit Union SBA Program Participation NewsWatch Today Article 08/13/19
Congress Pressures Agencies on Credit Union Scandal NewsWatch Today Article 08/06/19
ICBA Opposes Delay in Credit Union Capital Rules NewsWatch Today Article 07/29/19
ICBA: Nonmember Share Plan is More of the Same from NCUA NewsWatch Today Article 07/24/19
NCUA Quadruples Credit Union Appraisal Threshold NewsWatch Today Article 07/19/19
ICBA Opposes NCUA Vote on Credit Union Appraisals Press Release, News 07/18/19
Defense Bill Would Establish Military-Banking Parity NewsWatch Today Article 07/01/19
Key Senator Opposes Delay in Credit Union Capital Rules NewsWatch Today Article 06/27/19
Report: Credit Unions Straying from Founding Mission NewsWatch Today Article 06/26/19
NCUA Proposes Another Delay in Credit Union Capital Rules NewsWatch Today Article 06/21/19
Blog: ICBA Speaking Out on Credit Union Acquisitions NewsWatch Today Article 06/21/19
Romero Rainey: Tell Congress to Stand Up to Credit Unions NewsWatch Today Article 06/20/19
Urge Congress to Investigate Credit Union Acquisitions NewsWatch Today Article 06/18/19
ICBA Seeking Examples of Egregious Credit Union Actions NewsWatch Today Article 06/17/19

Letters to Congress

Title Recipient Date
Senate and House Armed Services Committees
08/28/2019
Senate Banking Committee
06/05/2019
House Financial Services Committee
06/05/2019
Senate Banking Committee, House Financial Services Committee, Senate Finance Committee, House Ways and Means Committee
01/18/2019
Sen. James Inhofe
06/05/2018

Letters to Regulators

Title Recipient Date
SBA
08/13/2019
NCUA
07/26/2019
NCUA
07/23/2019
NCUA
05/09/2017
OMB
01/30/2017

Testimonies

Title Committee Presenter Date

Summaries

Title Content Type Date