Credit unions on military bases

July 24, 2018


CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; 

Washington, DC (July 24, 2018) – Credit unions will continue to be able to meet the financial services needs of America's servicemen and women on military installations in the 2019 National Defense Authorization Act (NDAA). Credit Union National Association (CUNA) led the charge to strike a provision in the House version of the NDAA that would have put credit unions at a disadvantage when serving members on military bases.  

Section 2808 of the House version of NDAA was designed to treat Federal and State chartered insured depository institutions equally, but the legislative definition excluded credit unions.  

"While we believe this was an unintended drafting error, the blanketed term may have put hundreds of military credit unions in jeopardy," said CUNA President/CEO Jim Nussle. "Because of their cooperative, not-for-profit structure, credit unions should continue to receive unrestrained but discretionary access to military installations."  

Under the Federal Credit Union Act, on-base credit unions are exempt from the costs associated with leases, utilities and services – which includes the furnishing of office space and/or land and ATM placement.  

"We are satisfied with the decision of the committee and thank the members of the conference committee for listening to our concerns," said Defense Credit Union Council President/CEO Anthony Hernandez. "As we have stated, this is a complex issue and there are a number of affected parties who have not had adequate time to study the amendment's impact and potential unintended consequences. We look forward to working with the Armed Services committees in the House and Senate in preserving the overall Military Banking Program so that Defense Credit Unions can continue to serve our military members and their families while protecting them from predatory lending practices outside the gate." 

CUNA wrote a letter opposing the provision as it would ultimately hurt credit unions while granting access to banks at the same bases.   

"Credit unions provide safe and affordable products to help meeting the needs of America's servicemen and women," said CUNA President/CEO Jim Nussle. "We thank members of the conference committee in helping resolve this issue and look forward to working with Congress to continue to move this forward."  


About CUNA:    

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit