Defense Credit Union Issues
The credit union industry has a strong history of providing excellent service to servicemembers, including safe credit products that meet their needs. However, recent regulations have raised concerns for the credit union industry and their ability to serve their military members.
Protecting the financial well-being of our nation's servicemen and women has always been a priority for all credit unions. We believe that credit unions will always do everything they can to provide for all of their members, including those who serve our country. But navigating the confusing and contradictory rules pertaining to the provision of financial services to current and former members of the military places an unnecessary burden on credit unions trying to provide the best financial options available.
How This Impacts You
Despite well-intentioned efforts by consumer advocates to alleviate the financial difficulties many members of the military face, new regulations are potentially restricting access and making it harder for servicemembers to benefit from the best financial products and services.
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Recent Media Outreach
April 26, 2023
NAFCU, CU trades set record straight on military base leases
January 04, 2023
NAFCU raises concerns to VA on home loan refinancing regs
December 08, 2022
NAFCU-opposed provisions kept out of final NDAA
In the News
CUToday.info | June 19, 2019NAFCU Presses Senate to Drop Lease Provision in NDAA
CUToday.info | June 13, 2019House Armed Services Committee Passes NDAA; Removes Language Giving Banks Access to Bases
Credit Union Times | June 13, 2019Fight Over Rent-Free Credit Union, Bank Access to Military Bases Takes New Turn View all
Letters & Comments
May 24, 2023Joint NAFCU-DCUC Letter to NCUA on Charitable Donation Accounts
May 23, 2023Letter to House Small Business Committee on Veteran Owned Small Businesses Hearing
April 25, 2023Joint Letter to House and Senate Armed Services Committees on FY 2024 NDAA View all