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. 



Tell the NCUA: Don’t Let Credit Unions Discriminate

The National Credit Union Administration has requested comment on a proposed framework that would not adequately guard against discriminatory redlining in low- and moderate-income communities. Tell the NCUA to adopt anti-discrimination safeguards used by banking regulators to protect customers and ensure fair competition.

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 Statement on Colorado Rejecting Credit Union-Bank Deal Press Release 01/17/20
NCUA board to consider proposals on debt, acquisitions NewsWatch Today Article 01/17/20
Louisiana bankers tell Congress to ‘wake up’ on credit unions NewsWatch Today Article 01/10/20
ICBA to Congress: Credit unions splurging with tax exemption NewsWatch Today Article 01/08/20
'Wake Up' Campaign Gaining Traction: CU Times NewsWatch Today Article 12/16/19
NCUA Rejects Stronger Consumer Protections NewsWatch Today Article 12/13/19
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
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

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
Sec. Gerard Poliquin
12/11/2019
NCUA
12/02/2019
SBA
08/13/2019
NCUA
07/26/2019
NCUA
07/23/2019