DCUC is pleased to share that the Senate has passed the 2021 National Defense Authorization Act (NDAA) with an overwhelming majority. This follows the NDAA’s passing in the House on Tuesday, December 8. The final version of 2021 NDAA does not include the proposed language that could be harmful to credit unions that was included in the original Senate version.
“This is great news,” said Anthony Hernandez, President/CEO, DCUC. “We are happy to see the NDAA move forward without language that would have forced the DoD to treat credit unions the same as banks.”
The fight to remove the harmful language from the NDAA was successful because the credit union industry presented a unified front. “DCUC was proud to work alongside CUNA, NAFCU and many league partners to defeat this measure. I love seeing our community work together to help our member credit unions serve our military!” said Hernandez.
The bill now moves forward for Presidential signature, and DCUC will continue monitoring the situation until it is signed into law.