CUNA, CU priorities addressed in omnibus spending bill

by America's Credit Unions

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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