Several months of credit union advocacy has brought positive changes in the fiscal year 2020 National Defense Authorization Act (NDAA). As Congress returns from its recess, CUNA is hoping to keep that momentum going, activating credit union members to keep a provision out of the final bill.
Section 2821 of the Senate version of the NDAA would expand the exemption that allows for the waiving of certain fees and land lease costs for credit unions on military installations. The exemption would be expanded to include other financial institutions that meet the same criteria as credit unions that receive a waiver.
CUNA/League advocacy has already made progress on the issue, helping to ensure removal of a more troublesome provision in the original House NDAA that would have expanded the exemption further than the current language.
Efforts to underscore the difference between the member focus of credit unions and their history of service to the military and their families were a key part of credit unions’ Hike the Hill visits to Washington, D.C. this summer. This advocacy work led to one of the most-read publications on the Hill, Bloomberg Government, underscoring credit unions’ concerns in a recent article.
Thus far, more than 2,700 messages calling for the removal of the provision have been sent to lawmakers through CUNA’s grassroots advocacy center. Advocates looking to add their voice can do so here.