Removing Barriers Blog

CUNA Writes to Armed Services Committee Leadership in House and Senate re: NDAA FY 2020
Posted April 30, 2019 by CUNA Advocacy

On Monday, CUNA wrote to Chairman Inhofe, Chairman Smith, Ranking Member Reed, and Ranking Member Thornberry about concerns regarding the inclusion of any language in the National Defense Authorization Act (NDAA) for fiscal year 2020 that would allow banks rent-free access to military installations.  Currently, there is no such language in the FY2020 NDAA.  Last year, CUNA and the Defense Credit Union Council successfully fought for similar language to be removed from last year’s NDAA.

“CUNA and its members would be concerned with the inclusion of any similar language in the FY 2020 NDAA that would go beyond DOD’s current authority in regard to exemptions from the costs related to leases, utilities, and services on military bases for financial institutions or other more complex profit-centered entities,” the letter reads.

The Department of Defense (DOD) has discretionary authority to waive the cost for credit union land leases, as well as administrative and logistical fees, for credit unions if certain standards are met.