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

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
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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.

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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

ICBA Statement on Iowa Rejecting Credit Union-Bank Deal

Mar 4, 2020 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the Iowa Division of Banking decision to block a credit union acquisition of a community bank.

Iowa follows Colorado in rejecting credit union-bank deal

Mar 4, 2020 | NewsWatch Today Article
The Iowa Division of Banking this week denied the sale of a tax-paying community bank to a tax-exempt credit union.

ICBA makes news for turning up heat on credit unions

Feb 28, 2020 | NewsWatch Today Article
This week’s ICBA pushback against credit union advocacy meetings in Washington is making news.

Letters to Congress

HUD, CFS July 29, 2020
Rep. Chrissy Houlahan July 29, 2020
U.S. Senate Committee on Agriculture, Nutrition & Forestry July 28, 2020
Committee on Rules, U.S. House of Representatives July 24, 2020
116th Congress July 23, 2020

Letters to Regulators

USPS Office of Inspector General August 26, 2020
U.S. Postal Regulatory Commission August 24, 2020
CFPB August 21, 2020
SBA, Treasury Department August 19, 2020
CFPB August 11, 2020