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.

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.

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Sep 17, 2021 | NewsWatch Today
Credit union acquisitions demand Washington response: ICBA chairman

With the number of credit union-bank acquisitions passing 100, the time has come for policymakers to examine the credit union tax exemption, ICBA Chairman Robert Fisher writes in a new op-ed.

Aug 27, 2021 | NewsWatch Today
Credit union-bank acquisitions top 100

ICBA renewed its call for policymakers to examine the credit union tax exemption as the number of credit union-bank acquisitions passed 100.

Aug 25, 2021 | Press Release
As Credit Union-Bank Acquisitions Top 100, ICBA Urges Washington to Act

With the number of tax-exempt credit union purchases of taxpaying community banks passing 100, the Independent Community Bankers of America is renewing its call for policymakers to examine the loophole contributing to these tax-subsidized acquisitions.

HOW CREDIT UNION'S TAX-EXEMPT STATUS AFFECTS YOUR STATE

These state-by-state reports show how credit unions have exceeded their original mandate and how that unchecked growth has negatively affected local communities across every state.

See the Report for All of the USA

Find your state

Charts

Credit unions in your state used their tax exemption to avoid paying

 

in federal income taxes.

House

In 2022, credit unions across your state held a grand total of

 

in tax-free assets.

People

In your state credit unions paid $0 in federal income tax. Meanwhile,

Nurses paid:

Cashiers paid:

Teachers paid:

Wake Up Messaging Playbook

Wake Up Messaging Playbook

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.

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Archived Resources