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.

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

Credit union acquisition comments due Monday

Jun 12, 2020 | NewsWatch Today Article
The deadline is approaching for community bankers to submit comments on a National Credit Union Administration proposal on credit union acquisitions of community banks.

ICBA urges small credit unions to 'wake up'

Jun 10, 2020 | NewsWatch Today Article
Small credit unions should urge Congress to hold hearings on National Credit Union Administration efforts to benefit the largest and riskiest credit unions, ICBA Vice Chairman Brad Bolton wrote in a new Medium op-ed.

Three grassroots campaigns take on credit unions

Jun 8, 2020 | NewsWatch Today Article
ICBA is calling on community bankers to act on several grassroots campaigns related to the authority and oversight of tax-exempt credit unions.

Letters to Congress

116th Congress October 15, 2020
Rep. Andy Barr October 8, 2020
House, Senate Armed Services Committees October 7, 2020
116th Congress September 29, 2020
U.S. House Task Force on Financial Technology September 29, 2020

Letters to Regulators

CFPB December 1, 2020
Federal Reserve, FinCEN November 25, 2020
OCC November 20, 2020
Treasury Department, SBA November 17, 2020
FinCEN November 16, 2020