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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.
March 24, 2021
With Paycheck Protection Program and credit union issues coming to a head this week in Washington, ICBA is urging community bankers to weigh in with policymakers via its Be Heard grassroots action center.
PPP Extension: The Senate is expected to vote this week on House-passed legislation to extend the PPP ahead of its March 31 expiration. ICBA is urging community bankers to contact their senators in support. Contact Congress here.
CUSOs: Community bankers have until March 29 to submit comment letters opposing an NCUA proposal to expand the powers of credit union service organizations—corporate entities owned by credit unions. Submit comments here.
CU Hearing: Meanwhile, community bankers can join ICBA in calling on Congress to hold a hearing on the credit union tax exemption and acquisitions of community banks. Contact Congress here.
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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.
