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

Feb 5, 2024 | NewsWatch Today
Tax Foundation calls for end of credit union tax exemption

The nonpartisan Tax Foundation released a new report calling on policymakers to wean credit unions off taxpayer subsidies.

Feb 2, 2024 | NewsWatch Today
Tennessee court allows credit union bank acquisition to proceed

A Tennessee appellate court overturned a decision by the state’s banking regulator to block a credit union acquisition of a bank.

Jan 23, 2024 | NewsWatch Today
Atlanta Fed reports on lagging credit union oversight

A Federal Reserve Bank of Atlanta report following a series of ransomware attacks on credit unions last year noted that the National Credit Union Administration has no enforcement authority over third-party service providers.


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