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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.
Jan. 15, 2021
The National Credit Union Administration issued a proposed rule that would expand credit union service organizations' permissible services and activities to include anything federal credit unions can currently do.
The proposal would expand on the power of CUSOs—corporate entities owned by credit unions—to engage in business, mortgage, student, and credit card lending.
The NCUA does not have supervisory or examination authority over CUSOs, which ICBA is calling on Congress to change as part of its "Wake Up" campaign.
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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.
