Partial government shutdown ends
The House voted 217-214 to send the Senate-approved funding package to President Trump Tuesday, who signed the legislation to end the four-day partial government shutdown. The package includes five bills with full FY26 funding (Financial Services and General Government, Defense, Labor-Health and Human Services-Education, Transportation-Housing and Urban Development, State and Foreign Operations), and two weeks of funding for the Department of Homeland Security.
“America’s Credit Unions welcomes the end of the government shutdown and restoring certainty for the agencies that consumers and financial institutions rely on every day. Prolonged shutdowns create unnecessary disruption for working families, small businesses, and credit unions trying to serve their members and communities,” said America’s Credit Unions President/CEO Scott Simpson. “It is critical that lawmakers maintain stable funding for the federal agencies that support financial access, consumer protection, and economic stability. Credit unions stand ready to continue working with policymakers to ensure the federal government can function effectively and provide the predictability consumers and communities need.”
The Financial Services and General Government section contains several credit union advocacy wins, including funding vital programs at FY25 levels after being initially zeroed out.
This includes:
- $324 million for the Treasury’s Community Development Financial Institutions (CDFI) Fund, which awards grants to assist affordable housing, homeownership, small business growth, and more through certified CDFIs; and
- $3.4 million for NCUA’s Community Development Revolving Loan Fund, which provides grants to credit unions serving low-income communities to stimulate economic activities and operate more efficiently.
America’s Credit Unions, leagues, and credit unions consistently engaged appropriators from both chambers on the importance of fully funding both for the next fiscal year.