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.

Credit Unions Across America

See how credit unions have abandoned their original mandate and how in doing so they've failed the communities they're supposed to serve.
See how their actions affect the USA and your state. 



Make Your Voice Heard

The National Credit Union Administration is proposing to create a new rule that would prescribe the procedures for federally-insured credit union (“FICU”) acquisitions of banks and would create new, explicit requirements on all assets acquired from a bank. NCUA is accepting comments until March 30, 2020. To comment, visit www.regulations.gov and follow the instructions for submission.

Read ICBA’s Summary of the Proposal

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.

Tools to Help Share Your Story


White Paper-Credit Unions Avoid Billions in Taxes Every Year

The Congressional Budget Office, Treasury Department and Joint Committee on Taxation all state that credit unions escape paying nearly $2B in taxes every year.

As good and responsible stewards of their communities, community banks contributed nearly $15B in tax revenue in 2018.

Find out more


Articles & Press Releases

Title Publication Date
ICBA Backs Consumer Protection Plan for Credit Unions NewsWatch Today Article 12/03/19
Banks Pass Credit Unions on Satisfaction, Deposit Rates NewsWatch Today Article 11/26/19
ICBA Issues Summary on Field-of-Membership Proposal NewsWatch Today Article 11/14/19
NCUA’s Harper Proposes Dedicated Exams for Larger Credit Unions NewsWatch Today Article 11/01/19
ICBA to Congress: Credit Unions Haunting Taxpayers NewsWatch Today Article 11/01/19
ICBA Blankets Capitol Hill with 'Wake Up' Paper NewsWatch Today Article 10/29/19
Blog: We're Working Together to 'Wake Up' Congress NewsWatch Today Article 10/29/19
ICBA “Wake Up” Campaign Offers Custom Resources NewsWatch Today Article 10/25/19
NCUA Proposes Updating Field-of-Membership Rule NewsWatch Today Article 10/25/19
ICBA “Wake Up” Campaign Makes News NewsWatch Today Article 10/25/19
ICBA White Paper: Credit Unions Pocketing Tax Subsidy NewsWatch Today Article 10/24/19
"Wake Up" Campaign Follows Credit Union Transformation: Op-Ed NewsWatch Today Article 10/23/19
Tell Congress to ‘Wake Up’ with Grassroots Alert NewsWatch Today Article 10/22/19
Romero Rainey: Let's Wake Up Washington NewsWatch Today Article 10/22/19
ICBA to Washington: ‘Wake Up’ to Credit Union Risk NewsWatch Today Article 10/22/19
ICBA Urges Washington to ‘Wake Up’ and Address Credit Union Risk Press Release, News 10/21/19
Credit Union Tax Exemption Unjustified: Tax Foundation NewsWatch Today Article 10/16/19
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

Letters to Congress

Title Recipient Date
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
House Financial Services Committee
12/12/2017

Letters to Regulators

Title Recipient Date
NCUA
05/09/2017
National Credit Union Administration
12/10/2016