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.

Learn how the tax-exempt status of credit unions affects your state with our state-by-reports and gain key messaging guidance through the Wake Up Messaging Playbook.

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ICBA makes news for turning up heat on credit unions

Feb. 28, 2020

This week’s ICBA pushback against credit union advocacy meetings in Washington is making news. American Banker and Credit Union Times covered ICBA’s guide to congressional offices featuring questions to ask credit union advocates during this week's meetings.

Also this week, ICBA has been running a digital ad campaign urging congressional hearings on credit union acquisitions of community banks.

Meanwhile, community bankers can still register for next week’s ICBA webinar on raising awareness of how credit unions abuse their tax-exempt status. Scheduled for 2 p.m. (Eastern time) Tuesday, March 3, the webinar is open to all ICBA community bankers.

ICBA continues encouraging community bankers to use its Be Heard grassroots advocacy center to request congressional hearings.

Find out more now

HOW CREDIT UNION'S TAX-EXEMPT STATUS AFFECTS YOUR STATE

These state-by-state reports show how credit unions have exceeded their original mandate and how that unchecked growth has negatively affected local communities across every state.

See the Report for All of the USA

Find your state

Charts

Credit unions in your state used their tax exemption to avoid paying

 

in federal income taxes.

House

In 2022, credit unions across your state held a grand total of

 

in tax-free assets.

People

In your state credit unions paid $0 in federal income tax. Meanwhile,

Nurses paid:

Cashiers paid:

Teachers paid:

Wake Up Messaging Playbook

Wake Up Messaging Playbook

Find out how community bankers can more effectively advocate for a level tax and regulatory playing field between tax-exempt credit unions and the community banking industry. Access your playbook today. You must be a member to access this content.

Read the Report

Archived Resources