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 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

Letters to Congress

Title Recipient Date
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
Senate Finance Committee Chairman Orrin Hatch (R-Utah)
02/20/2018

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

Testimonies

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

Summaries

Title Content Type Date