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

ICBA: Expand Transparency of Credit Union Acquisitions of Community Banks

Jun 16, 2020 | Press Release
The Independent Community Bankers of America® (ICBA) called on the National Credit Union Administration to expand on its proposed rule to provide more transparency and disclosures when large, tax-exempt credit unions acquire smaller, tax-paying community banks.

Credit union acquisition comments due Monday

Jun 12, 2020 | NewsWatch Today Article
The deadline is approaching for community bankers to submit comments on a National Credit Union Administration proposal on credit union acquisitions of community banks.

ICBA urges small credit unions to 'wake up'

Jun 10, 2020 | NewsWatch Today Article
Small credit unions should urge Congress to hold hearings on National Credit Union Administration efforts to benefit the largest and riskiest credit unions, ICBA Vice Chairman Brad Bolton wrote in a new Medium op-ed.
Title Recipient Date
Committee on Small Business 10/21/20
116th Congress 10/19/20
Sen. Mitch McConnell 10/15/20
116th Congress 10/15/20
Rep. Andy Barr 10/08/20
Title Recipient Date
OCC 12/07/20
OCC 12/07/20
CFPB 12/01/20
Federal Reserve, FinCEN 11/25/20
OCC 11/20/20