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 Unions and
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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

Make Your Voice Heard

The National Credit Union Administration is proposing to create a new rule that would prescribe the procedures for federally-insured credit union (“FICU”) acquisitions of banks and would create new, explicit requirements on all assets acquired from a bank. NCUA is accepting comments until March 30, 2020. To comment, visit www.regulations.gov and follow the instructions for submission.

Read ICBA’s Summary of the Proposal

Articles & Press Releases

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.

NCUA seeks expanded powers for CUSOs

Jan 15, 2021 | NewsWatch Today Article
The National Credit Union Administration issued a proposed rule that would expand credit union service organizations' permissible services and activities to include anything federal credit unions can currently do.

NCUA approves subordinated debt rule

Dec 18, 2020 | NewsWatch Today Article
The National Credit Union Administration board approved an ICBA-opposed final rule that will allow the largest and most complex credit unions to issue subordinated debt to institutional investors.

Letters to Congress

Committee on Finance January 15, 2021
Senate Committee on Small Business & Entrepreneurship January 15, 2021
Senate, House leaders December 11, 2020
Senate, House leaders December 8, 2020
Senate, House Armed Services Committees December 4, 2020