Wake Up and Take Action on Credit Unions

The Independent Community Bankers of America and the nation's community banks are calling on policymakers and the public to “Wake Up” to the risky practices, costly tax subsidies, and irresponsibly lax oversight of the nation’s credit unions.

The “Wake Up” campaign encourages policymakers to open their eyes to the growing threats posed by credit unions' abandonment of their founding mission facilitated by their captive federal regulator, the National Credit Union Administration.

It is long past time for policymakers to wake up to the new realities of the credit union industry and subject it to the same level of scrutiny for the sake of our nation’s consumers and economic well-being. This is not the time to press snooze.

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Credit Unions across America

The Independent Community Bankers of America and the nation's community banks are calling on policymakers and the public to “Wake Up” to the risky practices, costly tax subsidies, and irresponsibly lax oversight of the nation’s credit unions. Read the report


Urge Congress to Wake Up

Credit unions do not pay federal income tax, do not pay rent on military bases, have little to no oversight and abuse industries and customers alike.

This letter asks your members of Congress to WAKE UP and address the ridiculous lack of oversight and substantial and unfair competitive advantage taxpayer-subsidized credit unions enjoy.

Contact Your Member of Congress


Articles & Press Releases

Title Publication Date
Credit Union Tax Exemption Unjustified: Tax Foundation NewsWatch Today Article 10/16/19
Op-Ed: Give Service Members the Choice They Deserve NewsWatch Today Article 10/15/19
Keep Pushing on HMDA, Credit Unions NewsWatch Today Article 10/08/19
Grassroots Effort Supports Service Member Choice: Blog NewsWatch Today Article 10/02/19
Tell Congress: Help Community Banks Serve Military, Rural Communities NewsWatch Today Article 09/27/19
Credit Unions on Capitol Hill Opposing Military-Banking Parity NewsWatch Today Article 09/24/19
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

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