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.
Resources: The resources—which are available on ICBA’s Wake Up page—cite the harmful impact of the acquisition trend on local customers and tax revenues.
More: ICBA and the Community Bankers Association of Georgia last week urged the FDIC to reject a proposed credit union-community bank merger that would roll back Community Reinvestment Act safeguards in affected communities and exacerbate branch consolidation.
Grassroots: Meanwhile, community bankers can use ICBA’s Be Heard grassroots action center to continue urging Congress to hold a hearing on credit unions acquiring community banks and to request a GAO study on credit unions and the NCUA.