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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 PlaybookCredit unions now labeling themselves community banks: Romero Rainey
Oct 11, 2023 | NewsWatch Today
Credit union data reporting exemption covered in Politico
Oct 10, 2023 | NewsWatch Today
Bowman: Credit union acquisitions show need for rethinking merger standards
Oct 5, 2023 | NewsWatch Today
FDIC’s Hill cites credit unions in discussion of bank merger review
Sep 22, 2023 | NewsWatch Today
Credit unions in your state used their tax exemption to avoid paying in federal income taxes.
In 2023, 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 actually paid
Cashiers paid:
Teachers* paid:
*Data includes only elementary school teachers
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