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.

Access the Playbook

Credit unions report Q3 growth

Dec 7, 2021 | NewsWatch Today
Shares and deposits at federally insured credit unions increased 14.4% in the third quarter from the previous year, the National Credit Union Administration reported.

New ICBA video: Call for credit union hearings

Dec 3, 2021 | NewsWatch Today
ICBA released a new video distinguishing taxpaying community banks from tax-exempt credit unions.

ICBA, groups push for NCUA oversight hearing

Nov 18, 2021 | NewsWatch Today
ICBA and other groups called on Congress to hold an oversight hearing on troubling National Credit Union Administration rulemaking activity.

Credit union satisfaction lags banks again: index

Nov 17, 2021 | NewsWatch Today
Consumer satisfaction with credit unions lagged banks for the third year in a row, according to a national survey covered by CU Today.

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 United States

Find your state

Charts

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

 

in federal income taxes in 2020?

House

In 2020 alone, credit unions across your state held a grand total of

 

in tax-free assets.

Money Bags

Even as local businesses struggled, credit unions in your state used

 

of their tax subsidy on non-member expenses.

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

Credit Union Merger White Paper

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

Exempt White Paper

Do They Know They're Tax Exempt?

If credit unions cannot abide by their original mandate deserving of a tax subsidy, then taxpayers are financing an unequal playing field that leaves behind the financially underserved, cheats federal and state tax authorities, and unfairly disadvantages legitimate for-profit institutions like community banks.

Find out more

11/17/21


Letters to Congress

House Financial Services, Senate Banking Committees

10/15/21


09/13/21


Letters to Congress

House Financial Services Committee

05/14/21


05/11/21


Archived Resources