Defense Deal: Credit Unions, Not Banks, Get Free Rent on Bases (CU Times, July 24, 2018)
Wednesday, July 25, 2018
Conferees on the massive annual defense authorization have dropped a plan to provide military banks free rent on military bases—leaving credit unions the only financial institutions receiving that benefit.
The FY19 defense authorization deal simply drops a House provision that some credit unions said would have posed a threat to their longstanding rent benefit.
The conference agreement now goes to the House and Senate floors.
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