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ICBA renewed its call for policymakers to examine the credit union tax exemption as the number of credit union-bank acquisitions passed 100.
Latest: Following two recent deals that marked the 100th and 101st credit union acquisitions of community banks since 2003, ICBA issued a national news release noting that these purchases eliminate locally based lenders, further consolidate the banking industry, and cut regulatory safeguards.
Taking Action: ICBA continued its call for policymakers to:
Grassroots: Community bankers can continue urging Congress to hold hearings on credit union acquisitions via a customizable message to lawmakers on ICBA’s Wake Up page and its Wake Up Messaging Playbook.