Military Members Now Accounted for in LICU Designation

May 7, 2020

Many of you will remember that the Northwest Congressional delegation took the lead in early 2019 to send a bipartisan letter to the NCUA requesting the inclusion of  military PO Boxes (APOs and FPOs) in the Low Income Credit Union designation calculation.

We are excited to share that in a press release earlier today, NCUA announced a change in 12 CFR § 701.34 (2) adding a provision to allow military families using a APO/FPO address to be included in calculations for LICU designation.

We are very supportive of this change, especially during National Military Appreciation Month! For more information on how to become a Low Income Credit Union please reach out to [email protected] or [email protected]. 

Posted in Advocacy on the Move.