Advocacy Home › Credit Unions Illinois Credit Unions Information | Illinois Bankers Association Here are the facts: The Illinois credit union industry has grown from $724 million in assets in 1967 to $46.7 billion in assets in 2019, a stunning increase of 6450%. Of the 254 credit unions in Illinois, the 16 largest each have over $500 million in assets, larger than all but a relatively few Illinois banks. These 16 largest credit unions dominate the state industry in asset size. They represent nearly $36 billion in combined assets -- 77% of all credit union assets in Illinois. Credit unions, awash in cash because of their tax exempt status, have acquired 21 banks since 2018, including three announced bank acquisitions in Illinois. New Resources From Church Basement to Conglomerate, September 2019 Credit Unions Fall Short of Their Mission Study, June 2019 Credit Unions by the Numbers Study, May 2019 Credit Union Talking Points for your staff, your community and your legislators, 2019 Keith Leggett's Credit Union Watch Blog Council for Sound Tax Policy Website #NoMoreFreeRides Ad Campaign Multi-Media Resources Letters and Articles Letters Credit Union Call to Action, August 2019 Joint State Association Letter on Credit Union Oversight, July 2019 Credit Union Letter to Gov. Pritzker, May 2019 Download your own customizable letter here. Credit Union Industry is Evolving in Ways That Takes Many Credit Unions Further From Their Original Tax-Exempt Purpose January 2019 ABA/ICBA Joint Letter - NCUA Field of Membership Proposal, January 2016 Articles Tax Parity Needed in the Financial Services Industry State Journal-Register Op-Ed by Ben Jackson, Illinois Bankers Association, July 2019 A Chance for Tax-Exemption Redemption U.S. News & World Report, September 2017 State Can't Afford to Subsidize Credit Union Industry State Journal Register Guest Editorial, May 2013 Have Credit Unions Become Stealth Banks? Bloomberg Businessweek Article, May 2013 Studies National Taxpayers Unions Issue Brief, February 2020 Repealing the Federal Tax Exemption for Credit Unions 2019 Credit Union Study Credit Unions Fall Short of Their Mission Federal Financial Analytics, 2019 Illinois Credit Union Mortgages: Not for People of Modest Means American Bankers Association, March 2018 Illinois Credit Unions: The Real Story American Bankers Association, 2018 2017 Credit Union Study Full Study Key Points Potential Illinois Income Tax Revenue - COGFA Study Billboard, Radio and Television Ads Video: Illinois Credit Unions: The Real Story Billboard Samples Listen to Radio Ad Television Ad Share Your story! Contact your legislators and ask why credit unions don't pay taxes, while businesses and families like yours pay their fair share. Legislator Look-Up Send the IBA your examples of credit union issues or ads: firstname.lastname@example.org.