CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Following POLITICO Insight piece, CUs see renewed traction on NDAA
Policy & Issues

Following POLITICO Insight piece, CUs see renewed traction on NDAA

October 7, 2019

When the Capitol Hill-focused publication POLITICO published an interview with CUNA Chief Advocacy Officer Ryan Donovan last month discussing a narrowly discussed section in the FY 2020 National Defense Authorization Act (NDAA) last month, offices across Congress took notice.

The section in question, Section 2821 of the Senate-passed version of the NDAA, would expand to certain banks an exception that credit unions currently have granting rent-free access to military installations in exchange for their continued mission and structure as not-for-profit financial cooperatives.

“As soon as that article was published, our advocacy team was getting calls from offices in nearly every state wanting to know what this issue was about,” said CUNA Deputy Chief Advocacy Officer Eli Joseph. “It speaks to just how meaningful the bond is between and credit union and their elected representatives, and it really underscores just how important it is for Leagues and individual credit unions to make calls and host meetings with those officials to reinforce the credit union difference and advocate on these important issues.”

During the August district work period, CUNA provided resources to help relay how equating banks to credit unions attacks the very core of credit unions’ not-for-profit structure, and their mission to serve tier members rather than wall street investors. CUNA and Leagues also wrote to House and Senate Armed Services Committee members during that time.

After the recess CUNA issued an action alert in September to activate credit unions and members to contact elected officials to ensure the provision isn’t in the final bill that goes to President Donald Trump for his signature.

 “There is still a lot of urgency behind this action alert,” said Joseph. “Those conversations we had with offices opened the door, but we need credit unions, whether operating on bases or elsewhere, to help their lawmaker understand why this provision is such a threat to every credit union in America.”

CUNA/League advocacy helped ensure no such provision appears in the House-passed version of the bill, and credit unions have engaged with lawmakers in both chambers to keep the provision from the final bill.

Though select lawmakers are currently marrying the House and Senate versions of the NDAA through a conference committee, credit union advocates are encouraged to contact their members of Congress on this important issue.

Credit Union Magazine - Spring 2021

Spring 2021

Credit Union Magazine’s Spring 2021 edition features CUNA's 2021 advocacy agenda, strategic planning guidance, and labor market insights.
Digital Edition •  Subscribe

Trending

  • ‘More listening and less attacking’

  • Movement must focus on financial well-being for all

  • Why DEI matters to credit unions

Tweets by CUNA_News

Polls

Who should be the 2021 Credit Union Hero of the Year?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors