ICBA to credit union agency: Rethink redlining plan The State of Banking ICBA is fi ghting a proposed rule from the National Credit Union Administration (NCUA) that would allow tax-exempt federal credit unions to cut urban centers from their membership in favor of wealthier suburbs. News ICBA has called on the NCUA to withdraw and redraft the rule, which has been under the scrutiny of the U.S. Court of Appeals for the District of Columbia Circuit. ICBA said the NCUA has not adequately addressed a circuit court ruling that this redlining policy could be discriminatory. " The NCUA's fl awed proposal allowing credit unions to discriminate against urban areas is the latest example of this captive regulator bowing to the growth-obsessed fi nancial fi rms it is charged with regulating at the expense of local communities, " said Rebeca Romero Rainey, ICBA president and CEO. " It is long past time for Washington and Americans nationwide to 'Wake Up' to the risky practices, costly tax subsidies and irresponsibly lax oversight of these tax-exempt institutions. " ICBA recently launched the " Wake Up " campaign to encourage policymakers to address the growing threat of tax-exempt credit unions, which ICBA says have abandoned their original mandate to serve people of modest means. Visit icba.org/wakeup to fi nd ICBA's " Wake Up " resource center. Banker's Hours By Christopher Weyant South Dakota 62 banking institutions Total assets: $3.27 trillion The Sioux Falls, S.D., area has the largest deposit market with $673.4 billion in deposits Median ROA: 1.27% Agriculture has the highest loan concentration at 227% Source: FDIC Q3-19 statistics Quick stat 7.2% " Your future fi rst quarter, second quarter or end-of-year projections? " The increase in community bank net income in Q3 of 2019 over 2018 Source: FDIC Quarterly Banking Profile independentbanker.org Q 11http://www.icba.org/wakeup http://www.independentbanker.org