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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.
Jan. 27, 2021
Community banks with less than $100 million in assets are offering better overdraft pricing to consumers than "rival" credit unions, according to a Moebs Services report covered by CU Today. These community banks had average overdraft prices of $26.26—$2.14 lower than at credit unions and $8.07 lower than at large banks.
The higher overdraft fees at credit unions help illustrate the risks of acquisitions of taxpaying community banks by tax-exempt credit unions, which ICBA continues spotlighting through its "Wake Up" campaign.
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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.
