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

Aug 4, 2022 | NewsWatch Today
Credit union field of membership application blocked in Virginia

The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the credit union industry’s efforts to increase its taxpayer-subsidized authority.

Jul 13, 2022 | Press Release
ICBA Testifies Urging Congress to Apply Community Reinvestment Act to Credit Unions

The Independent Community Bankers of America (ICBA) today called on Congress to examine the need to apply the Community Reinvestment Act to tax-exempt credit unions.

Jul 7, 2022 | NewsWatch Today
Bank branching deregulation harmed small businesses: FDIC paper

Community banks and small businesses were affected disproportionately by U.S. branching deregulation during the 1990s, according to a new research paper released by the FDIC’s Center for Financial Research.


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

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