House and Senate negotiators released their fiscal year 2018 omnibus spending legislation Wednesday, which contains many wins for credit unions.
CUNA again won a battle in the bill to keep the NCUA out of the appropriations process. CUNA scored a significant win last year when a provision that would have placed NCUA under appropriations was removed on the House floor by an amendment from Reps. Mark Amodei (R-Nev.) and Pete Aguilar (D-Calif.).
The bill also includes funding for two key credit union priorities, the Treasury’s Community Development Financial Institutions (CDFI) Fund and NCUA’s Community Development Revolving Loan Fund (CDRLF).
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