Sec. 2885. Equal treatment of insured depository institutions and credit unions operating on military installations
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Section 2667 of title 10, United States Code, is amended by adding at the end the following: Each covered insured depository institution operating on a military installation within the continental United States may be allotted space or leased land on the military installation without charge for rent or services in the same manner as a credit union organized under State law or a Federal credit union under section 124 of the Federal Credit Union Act ( 12 U.S.C. 1770 ) if space is available.
Each covered insured depository institution, credit union organized under State law, and Federal credit union operating on a military installation within the continental United States shall be treated equally with respect to policies of the Department of Defense governing the financial terms of leases, logistical support, services, and utilities. The Secretary concerned shall not be required to provide no-cost office space or a no-cost land lease to any covered insured depository institution, credit union organized under State law, or Federal credit union.
In this subsection: The term covered insured depository institution means an insured depository institution that meets the requirements applicable to a credit union organized under State law or a Federal credit union under section 124 of the Federal Credit Union Act ( 12 U.S.C. 1770 ). The depositors of an insured depository institution shall be considered members for purposes of the application of this subparagraph to that section. The term Federal credit union has the meaning given the term in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ).
The term insured depository institution has the meaning given the term in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 ). .
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Sec. 2885
Equal treatment of insured depository institutions and credit unions operating on military installations
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