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

Sep 1, 2023 | Press Release
ICBA: Five Credit Union Acquisitions of Taxpaying Community Banks in One Week Demands Congressional Action

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on recent acquisitions of taxpaying community banks by tax-exempt credit unions.

Sep 1, 2023 | NewsWatch Today
Amid series of credit union acquisitions, ICBA continues pressing Congress to act

Following several credit union acquisitions of community banks this week, ICBA repeated its call for Congress to investigate these taxpayer-subsidized deals.

Aug 14, 2023 | NewsWatch Today
Credit union acquisition of Ill. community bank will not close

A planned credit union acquisition of a community bank in Illinois will not go through, according to S&P Global.


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 USA

Find your state


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


in federal income taxes.


In 2022, credit unions across your state held a grand total of


in tax-free assets.


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

Archived Resources