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CUNA efforts lead to removal of non-CU friendly NDAA provision (CUNA News, July 24, 2018)

Tuesday, July 24, 2018  
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A CUNA-led charge to remove language putting credit unions on military bases at a potential disadvantage was successful with the removal of Section 2808 of the 2019 National Defense Authorization Act. Specifically, the provision was removed in the conference report of the bill released Monday.

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. CUNA wrote a letter opposing the provision.

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