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.

Access the Playbook

ICBA: Credit unions shouldn’t get Basel III shortcut

Oct 18, 2021 | NewsWatch Today
ICBA told the National Credit Union Administration that credit unions should first be subject to the full provisions of the Basel III regulatory capital standards before capital relief measures are considered.

ICBA Launches Ad Campaign on Credit Union Tax Exemption

Sep 23, 2021 | Press Release
The Independent Community Bankers of America this week launched a print and digital advertising campaign to inform Americans about the credit union tax exemption and its impact on financial services consolidation in local communities.

ICBA kicks off ad campaign targeting credit unions

Sep 23, 2021 | NewsWatch Today
ICBA launched a print and digital advertising campaign on the credit union tax exemption ahead of a key congressional hearing next week.

Credit union acquisitions demand Washington response: ICBA chairman

Sep 17, 2021 | NewsWatch Today
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.


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 United States

Find your state


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


in federal income taxes.


In 2020, credit unions across your state held a grand total of


in tax-free assets.

Money Bags

Even as local businesses struggled, credit unions in your state used


of their tax subsidy on nonmember expenses.


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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Credit Union Merger White Paper

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

Exempt White Paper

Do They Know They're Tax Exempt?

If credit unions cannot abide by their original mandate deserving of a tax subsidy, then taxpayers are financing an unequal playing field that leaves behind the financially underserved, cheats federal and state tax authorities, and unfairly disadvantages legitimate for-profit institutions like community banks.

Find out more



Letters to Congress

Senate Banking Committee


Letters to Congress

House Financial Services Committee


Letters to Regulators

National Credit Union Administration

Archived Resources