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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Jun 18, 2021 | Press Release
As Credit Union-Bank Acquisitions Accelerate, ICBA Urges Congressional Hearings

The Independent Community Bankers of America today reinforced its call for Congress to investigate tax-exempt credit unions acquiring taxpaying community banks following a resurgence in interstate acquisitions.

May 19, 2021 | NewsWatch Today
NCUA chairman seeks CUSO oversight authority

The head of the National Credit Union Administration is scheduled to testify today on behalf of ICBA-supported legislation to expand oversight of third-party vendors, including credit union service organizations (CUSOs).

May 18, 2021 | NewsWatch Today
Custom op-ed counters credit union-bank acquisitions

ICBA continues to offer a customizable op-ed and updated talking points that community bankers can use to raise awareness of credit union acquisitions of community banks.

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.

Read the Report

Archived Resources