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Wake Up and Take Action

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.

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

Register for our March 3 webinar on how you can be an advocate on this issue! 

sailboat

Wake Up and Take Action

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.

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.

Find out more below or register for a unique webinar hosted by ICBA's director of advocacy, John Coleman.

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.

 

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. 

 

 

Credit Unions and Taxes

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

White Paper-Credit Unions Avoid Billions in Taxes Every Year

 

 

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

 

Articles & Press Releases

Title Publication Date
ICBA Urges Credit Union Agency to Rethink Redlining Plan Press Release 12/09/19
Regulators Grilled on Credit Union Acquisitions NewsWatch Today Article 12/05/19
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

Letters to Congress

Title Recipient Date
Tax Cuts and Jobs Act Conference Committee
12/07/2017
Representative Wagner
08/03/2017

Letters to Regulators

Title Recipient Date