News : DCUC Insights

Public-Private-Partnerships and Defense Credit Unions

Tuesday, December 19, 2017  
Share |

A public-private partnership (P3) is a contractual arrangement between a public agency (federal, state, or local) and a private sector entity. Through this agreement, the skills, and assets of each sector (public and private) are shared in delivering a service or facility for general public and military community use.

In the ongoing era of defense budget cuts, particularly in the Operations and Maintenance Appropriation, P3s are gaining in significance and there is an increased urgency in establishing these partnerships.  Above it all is finding better ways of serving the military community.

Since the 1930s, Defense Credit Unions are the original DoD Public-Private-Partnership (P3).  When you consider all the things our member credit unions are asked to do, there is no better model of success for future P3 programs. Toward that end, DCUC is partnering with the Association of Defense Communities (ADC) to join, shape, and implement this program.

The Defense Credit Union Council is proud of each our member credit unions who exemplify “Serving Those Who Serve Our Country.”  To learn more about our role in P3 programs, visit our ALERT newsletter to see examples of this partnership.