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.

Read the latest white paper

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.

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.

Read the report

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

Articles & Press Releases

Senate bill would expand credit union lending authority

Mar 19, 2021 | NewsWatch Today Article
ICBA-opposed legislation designed to expand credit union lending authority was introduced in the Senate.

Meeting with constituents during CUNA’s virtual GAC? Here are some things to consider.

Mar 2, 2021 | News
Credit unions were created and granted a substantial tax exemption to serve “people of modest means.” However, fewer than 20 percent of credit unions are physically located in an economically distressed area and only 27 percent are in low- and moderate-income areas.

Community banks outperform credit unions on overdraft: report

Jan 27, 2021 | NewsWatch Today Article
Community banks with less than $100 million in assets are offering better overdraft pricing to consumers than "rival" credit unions, according to a Moebs Services report covered by CU Today.
Title Recipient Date
House, Senate leaders 03/08/21
Committees on Small Business 03/05/21
Committee on Banking, Housing 03/04/21
Senate Agriculture Committee 02/26/21
Senate Finance, House Ways and Means Committees 02/26/21
Title Recipient Date
FHFA 03/09/21
CFPB, FDIC, Fed, OCC 03/08/21
OCC 03/02/21
FHFA 02/26/21
USDA, OMB 02/24/21