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

Op-ed notes rising credit union acquisitions in the Midwest

Aug 14, 2020 | NewsWatch Today
The recent purchase of West End Bank by 3Rivers Federal Credit Union last month, is part of a disturbing trend of large, billion-dollar credit unions buying small community banks, writes Thomas Aiello of the National Taxpayers Union.

Senate panel approves NCUA, SEC nominees

Aug 6, 2020 | NewsWatch Today
The Senate Banking Committee approved the nominations of Kyle Hauptman for the National Credit Union Administration Board as well as Hester Peirce and Caroline Crenshaw to be members of the Securities and Exchange Commission.

NCUA finalizes field-of-membership rule

Jul 31, 2020 | NewsWatch Today
The National Credit Union Administration finalized its embattled field-of-membership rule significantly expanding the service areas in which community credit unions can do business.

National Taxpayers Union targets credit union push

Jul 17, 2020 | NewsWatch Today
Citing problems with credit union industry transparency, oversight, and unfair competition, the National Taxpayers Union told key members of Congress that it opposes expanding the credit union member-business-lending cap unless several conditions are met.


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


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


in federal income taxes in 2020?


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.


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.

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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

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