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NAFCU, DCUC reiterate concerns over NDAA military bank lease language (NAFCU Today, July 17, 2018)

Tuesday, July 17, 2018  
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NAFCU, in a joint letter with the Defense Credit Union Council (DCUC) yesterday, relayed concerns to leaders of the Senate and House Armed Services Committees over language included in the fiscal year 2019 National Defense Authorization Act (NDAA) that requires the Department of Defense (DoD) to allow all banks to operate rent free on military installations. It would not change the current rules on credit union leases.

"[W]e remain concerned that the language providing 'free rent' in Section 2808 for banks goes well beyond the authority provided to DoD regarding credit union leases, and would disadvantage credit unions," the letter states.

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