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As lawmakers prepare to return to Washington, NAFCU's Brad Thaler updated member credit unions on efforts to reconcile the final version of the FY2020 National Defense Authorization Act (NDAA). NAFCU's Legislative Affairs team remains active on Capitol Hill to ensure an industry-opposed provision that would allow big banks to be treated the same as a military installation's local not-for-profit credit union is not included in the final version of the bill.

"We have been told by those involved with the conference that members hearing from credit unions back home helps our efforts to defend the credit union lease provision," wrote Thaler, NAFCU's vice president of legislative affairs, in an email sent yesterday. "We must keep up this good work. If you haven't reached out to conferees, or even if you have, now is the time that they need to hear from you on this issue."

View the full conference committee and learn more about what the section – included in the Senate-passed version of the bill – would mean for credit unions. 

Thaler also encouraged credit unions to take action by visiting NAFCU's Grassroots Action Center. The centralized advocacy platform provides credit unions with contact information to contact their elected representatives and to set up local meetings, background information on the important issues and the tools needed to take action.

NAFCU will continue to educate lawmakers on the differences between credit unions and banks, and update members as the bill moves through the legislative process.

Join the conversation on Twitter using the hashtag #FY20NDAA.