Following a record number of credit union acquisitions of community banks last year, ICBA is renewing its push for leveling the tax and regulatory playing field, according to a new ICBA blog post.
Details: On Main Street Matters, ICBA Past Chairman Brad Bolton said the momentum for policy change is growing as credit unions stray from their founding mission and operate in ways indistinguishable from banks.
Taking Action: “For those interested in learning more or contributing to this movement, I encourage you to join ICBA’s efforts and stand with community bankers nationwide,” said Bolton, president and CEO of Community Spirit Bank in Red Bay, Ala. “Let’s keep the focus where it belongs—on serving our neighbors and building stronger local economies.”