Defeating the effort to raise the cap on member business loans and ending the tax exemption for credit unions are among the top priorities of the Independent Community Bankers of America this year.

The group will be "opposing expanded powers for credit unions, particularly the proposal to raise the cap on 'member' business loans," according to a 12-point list of priorities that the group agreed to at its annual meeting, currently being held in San Diego. The section on credit unions is listed as the last of the group's 12 priorities.

Credit unions are pushing legislation that would raise the cap on member business loans from 12.25% of assets to as much as 27.5% of assets. Sen. Mark Udall (D-Colo.) has introduced legislation that would allow that.