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SAN DIEGO— Accusing large credit unions of performing financial “magic tricks” that hide their true impact on communities, the Independent Community Bankers of America has launched a new national advocacy campaign dubbed “The Illusionists,” aimed at exposing what the group claims are misleading narratives used by credit unions to justify their tax exemption and rapid growth.

LANHAM, Md.— A new national trade association focused exclusively on credit unions under $500 million in assets is set to launch in the coming months, positioning itself as a collaborative, additive voice for small institutions at a time when their numbers continue to decline.

WASHINGTON— More than 6,000 credit union leaders are converging on the nation’s capital this week for the 51st annual Governmental Affairs Conference, the third held under the banner of America’s Credit Unions following the 2024 merger of CUNA and NAFCU.