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 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 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