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.

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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.

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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.

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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

Make Your Voice Heard

The National Credit Union Administration is proposing to create a new rule that would prescribe the procedures for federally-insured credit union (“FICU”) acquisitions of banks and would create new, explicit requirements on all assets acquired from a bank. NCUA is accepting comments until March 30, 2020. To comment, visit www.regulations.gov and follow the instructions for submission.

Read ICBA’s Summary of the Proposal

Articles & Press Releases

ICBA urges small credit unions to 'wake up'

Small credit unions should urge Congress to hold hearings on National Credit Union Administration efforts to benefit the largest and riskiest credit unions, ICBA Vice Chairman Brad Bolton wrote in a new Medium op-ed.

The president, CEO and senior lender at Community Spirit Bank in Red Bay, Ala., wrote that the NCUA's sudden change to its low-income methodology harm community banks and small credit unions alike.

"Credit union executives might not be in the habit of listening to community bankers, but we have a long history of standing up to too-big-to-fail institutions—and the facts speak for themselves," Bolton wrote. "The NCUA is acting on behalf of a select handful of nationwide credit unions obsessed with increasing their assets by designating these entities as low-income institutions and thereby expanding their powers."

Meanwhile, ICBA is calling on community bankers to use its Be Heard grassroots action center to submit comments on credit union acquisitions of community banks, subordinated debt, and congressional oversight.