When the Capitol Hill-focused publication POLITICO published an interview with CUNA Chief Advocacy Officer Ryan Donovan last month discussing a narrowly discussed section in the FY 2020 National Defense Authorization Act (NDAA) last month, offices across Congress took notice.
The section in question, Section 2821 of the Senate-passed version of the NDAA, would expand to certain banks an exception that credit unions currently have granting rent-free access to military installations in exchange for their continued mission and structure as not-for-profit financial cooperatives.
“As soon as that article was published, our advocacy team was getting calls from offices in nearly every state wanting to know what this issue was about,” said CUNA Deputy Chief Advocacy Officer Eli Joseph. “It speaks to just how meaningful the bond is between and credit union and their elected representatives, and it really underscores just how important it is for Leagues and individual credit unions to make calls and host meetings with those officials to reinforce the credit union difference and advocate on these important issues.”
continue reading »