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 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

Articles & Press Releases

Push for PPP loan-forgiveness answers continues

May 11, 2020 | Press Release
ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge policymakers to provide guidance on Paycheck Protection Program loan forgiveness.

ICBA Statement on NCUA Change in Low-Income Methodology

May 8, 2020 | Press Release
ICBA president and CEO Rebeca Romero Rainey released the following statement on today's National Credit Union Administration changes to its low-income credit union designation.

ICBA slams NCUA move benefitting largest credit unions

May 8, 2020 | NewsWatch Today Article
ICBA pushed back against a National Credit Union Administration announcement that it is expanding its approach to considering military personnel in designating low-income credit unions, which will free the largest of the tax-exempt entities from various restrictions.
Title Recipient Date
House, Senate leaders 09/15/20
House leaders 09/15/20
116th Congress 09/10/20
Sens. Perdue and Blumenthal 09/08/20
Senate Banking Committee 08/31/20