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The Defense Credit Union Council is an organization of
credit unions whose membership consists wholly or in part of personnel
of the U.S. Department of Defense, both military and civilian. The
Council is comprised of 255 credit unions with over 14 million
members. Organized in 1963, the Council is governed by a seven-member
board
of directors consisting of a representative from each of the services --
Army, Navy,
Air Force
and Marine Corps -- plus three representatives at large. About
two-thirds of the Defense Credit Unions are federally chartered, and one-third are
state-chartered. All are insured by either the
National
Credit Union Administration (the federal regulator), or an independent or state agency
which meets federal standards.
The Council operates from day to day under the supervision of a
President/CEO and a small staff from offices in Washington, D.C. The Council maintains
liaison with appropriate agencies of the Department of Defense and of the Army,
Navy/Marine Corps, and Air Force.
The Council publishes a monthly newsletter, The Alert, except in August when the annual
conference and business meeting are held, and prepares a Directory
listing each member credit union: name, address, manager's
name, telephone and fax numbers, and assets and service affiliation.
Membership
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