sail away

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. 

Read the latest white paper


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.

Read the latest white paper

 

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 and
How to Respond Webinar

Please Login to View

Members Only - Please Login to View


 

Credit Union Merger White Paper

Because of their tax advantage and relaxed field of membership
regulations, credit unions have begun to acquire community banks in
order to fuel their growth. This trend should concern taxpayers.

Read the report

Credit Union Merger White Paper

 

 

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 “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

Letters to Congress

Title Recipient Date

Letters to Regulators

Title Recipient Date