House Mistake Could Kill Rent Deal for Military Credit Unions, Banks

"The House legislative counsel inadvertently limited its scope to banks when trying to define 'depository institutions.'"

By David Baumann | June 27, 2018 at 02:42 PM

An error in drafting legislation could kill a fragile deal that would allow banks and credit unions to have branches on military bases without paying rent—a benefit that only credit unions now enjoy.

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Regulatory & Compliance

1 Virginia CU Goes Federal, Joining 14 Other Charter-Switching CUs

2 Credit Union's Internal Investigation Leads to Employee Grand Theft Charge

3 Man Pleads Guilty in Credit Union Fraud Ring Conspiracy

4 Boomers Are Not Enough: How to Attract Younger Consumers

5 CU Loses Nearly $300,000 in Four Hours With ATM Skimming Device

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'Ongoing Battle' With Fraud: Nussle Asks Senate for Help

By Michael Ogden | July 24, 2024

America's Credit Unions' leader gives lawmakers some perspective in the ongoing fraud fight.

'Ongoing Battle' With Fraud: Nussle Asks Senate for Help

Biden Dropping Out Doesn't Change Much for CU Industry Leaders

By Michael Ogden | July 22, 2024

Credit union advocates say their focus remains on CUs, no matter who is running.

Biden Dropping Out Doesn't Change Much for CU Industry Leaders

NCUA Board Approves Proposed Rules: Incentive-Based Compensation & Succession Planning

By Michael Ogden | July 18, 2024

Board members also unanimously approve maintaining the 18% loan interest rate ceiling for FCUs.

NCUA Board Approves Proposed Rules: Incentive-Based Compensation & Succession Planning

Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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