The Consolidated Appropriations Act for Fiscal Year 2017 contains a number of items of interest to credit unions, in addition to full Community Development Institutions (CDFI) funding. CUNA wrote to House and Senate leadership Monday, urging them to support the bill.
The bill would fund federal government operations through Sept. 30, and must pass Congress and be signed by President Donald Trump before Friday at midnight (ET) to avoid a government shutdown.
The bill’s report language contains items of interest to credit unions, including:
In addition to fully funding the Treasury’s CDFI Fund, and appropriating $2 million to NCUA’s Community Development Revolving Loan Fund, the bill also fund other accounts of importance to credit unions, including:
Additional analysis can be found at CUNA’s Removing Barriers Blog.