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

ICBA urges hearings following major credit union acquisition

Apr 2, 2021 | NewsWatch Today Article
Following the announcement of the largest-ever credit union purchase of a community bank, ICBA renewed its call for policymakers to investigate credit union acquisitions of community banks.

ICBA Urges Hearings Following Largest-Ever Credit Union-Bank Acquisition

Apr 1, 2021 | Press Release
Following the announcement of the largest-ever credit union purchase of a community bank, the ICBA today renewed its call for policymakers to investigate the growing trend of tax-exempt credit unions acquiring taxpaying community banks.

Deadline for credit union comment letters extended

Mar 29, 2021 | NewsWatch Today Article
While ICBA last week submitted its comment letter urging the National Credit Union Administration to withdraw a proposal on credit union services organizations, community banks can still submit comment letters after the agency extended the deadline 30 days.
Title Recipient Date
117th Congress 04/06/21
117th Congress 04/02/21
U.S. House of Representatives 03/25/21
117th Congress 03/24/21
03/23/21
Title Recipient Date
USDA 04/09/21
IRS 04/08/21
Treasury, FHFA 04/06/21
CFPB 04/05/21
NCUA 03/25/21