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

As Credit Union-Bank Acquisitions Accelerate, ICBA Urges Congressional Hearings

Jun 18, 2021 | Press Release
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.

NCUA chairman seeks CUSO oversight authority

May 19, 2021 | NewsWatch Today Article
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).

Custom op-ed counters credit union-bank acquisitions

May 18, 2021 | NewsWatch Today Article
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.

ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger Proposal

May 14, 2021 | Press Release
ICBA and The Venture Center today announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH initiative. The ICBA ThinkTECH Innovation Series focuses on emerging technologies that have the potential to positively impact the community banking industry.


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.

Find your state


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


in federal income taxes in 2018?


In 2020 alone, 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 non-member 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.

Read the Report

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

Committee on Agriculture


Letters to Congress

Reps. Madeleine Dean and Kelly Armstrong


Letters to Regulators




Letters to Congress

House Ways and Means Committee


Archived Resources