Call-to-Action Shifts into High Gear, Help Protect Defense Credit Unions

The CUNA/League-system Call-to-Action urging credit unions to contact their members of Congress to ensure a harmful provision is excluded from the final language of the National Defense Authorization Act (NDAA) shifted into high gear this week with new blast emails to credit union advocates. The provision would expand to banks an exception that credit unions currently have granting rent-free access to military installations.

At issue is Section 2821 of the Senate-passed version (S.1790) of the NDAA. This spring, CUNA/League advocacy helped ensure no such provision was included in the House-passed version of the bill. The bill will now be considered in conference committee to work out the differences between the two versions before being signed into law.

Credit union professionals, volunteers and members are again being asked to visit the CUNA/League-system Grassroots Action Center to email or Tweet their members of Congress encouraging them to reject the Section 2821 and listing why it would be detrimental to credit unions, members and consumers.

Credit union advocates willing to go a step further are asked to contact NJ conferees’ offices directly:

CUNA and the state leagues wrote to House and Senate Armed Services Committee leaders and members in early August to urge the conference committee reject the inclusion of Section 2821. The NJCUL has also contacted Reps. Andy Kim (D-3), Donald Norcross (D-1), Frank Pallone (D-6) and Mikie Sherrill (D-11) who were named House conferees. Kim, Norcross and Sherrill serve on the House Armed Services Committee.

The letters note that credit unions’ nature as not-for-profit financial cooperatives means “credit unions on military bases are focused on ensuring the financial readiness of America’s service members. The credit union mission and structure mean funds are reinvested in the bases and the military communities that they operate in through lower rates, better products and more responsive services for our servicemembers.”

CUNA and the state leagues successfully fought against inclusion of a similar provision in last year’s NDAA.