CUNA, DCUC, and NAFCU sent joint letters to the House and Senate Armed Services Committee members asking them to reject inclusion of an amendment in the NDAA that would require the DoD to treat for-profit banks the same as credit unions when it comes to leases.
The House Armed Services Committee passed its version of the fiscal year 2021 National Defense Authorization Act early Thursday without a provision expanding a military base lease exemption. CUNA and Leagues pushed to ensure the provision was not included.
CUNA and other credit union organizations wrote to Senate leadership today opposing a provision in the Senate Armed Forces Committee-passed NDAA that contains language that would require DoD policies for government depository institutions and credit unions operating on military installations to be applied equally.
Several months of credit union advocacy has brought positive changes in the fiscal year 2020 NDAA. As Congress returns from its recess, CUNA hopes to keep that momentum going, activating credit union members to keep a provision out of the final bill.