Removing Barriers Blog

Members Write to Armed Services Committee Leadership in Support of Striking Section 2808 in NDAA FY 2019
Posted July 16, 2018 by CUNA Advocacy

On Friday afternoon, four Members of Congress wrote to Armed Services Committee leadership in both the House and Senate urging for them to remove Section 2808 from the House version of the NDAA FY 2019 legislation.

This provision was intended to treat credit unions and banks equally with respect to the financial terms of lease, services, and utilities on military installations. Unfortunately, as currently written – due to a drafting error, this provision excludes credit unions from the definition of “insured depository institutions.”

CUNA will continue to work with both the House and Senate to fix this drafting error and ensure servicemembers and their families continue to have access to the valuable services credit unions provide.

CUNA thanks Representatives Speier, Cook, Royce, and Garamendi for their efforts to resolve this unfortunate error.