U.S. Capitol building U.S. Capitol building. (Source: Shutterstock)

Credit union trade groups are spending the congressional recess urging House and Senate defense leaders to reject efforts to expand the free rent benefit that credit unions now receive to banks.

“Credit unions are able to provide the strongest community support in the face of morale, recreation and welfare funding shortfalls as we remain the only not-for-profit, member-owned financial institutions on an installation,” CUNA President Jim Nussle and state credit union league officials wrote to the leaders of the House and Senate defense panels last week .

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David Baumann

 

Credit Union Times

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