We’re Off to a Great Start in 2019!
Thursday, March 21, 2019
Anthony Hernandez, President and CEO DCUC
The Defense Credit Union Council is running at full stride in 2019! We are happy to report several achievements accumulated in the first three months of the year. These early results culminated in our successful Defense Matters Forum and we are excited about the rest of the year as we continue realizing our strategic vision. First and foremost, we initiated a brand-new Military Advocacy Committee made up of senior executives from many of our member credit unions. The response to this important committee remains very positive. The committee’s activity is on an upward trajectory and is already yielding desired results. Here is a graphic of our 2019 Advocacy Initiatives announced at Defense Matters and photos from our successful 2019 Defense Matters forum.
Earlier this month, Senator Elizabeth Warren (D-Mass) released a modified version of her comprehensive housing reform bill, the American Housing and Economic Mobility Act of 2019. The updated legislation will not subject credit unions to Community Reinvestment Act (CRA) regulations. This is great news! Yet, there are other initiatives in place to build on this good news and strengthen our role in building stronger defense communities.
DCUC also enjoyed a constructive entry-level meeting with the House Armed Services Committee staff on our Military Business Lending Exemption proposal. This followed several high-level meetings at the Department of Veterans Affairs, the Department of Agriculture, and DoD to gain support for this proposal. We have also garnered favorable reviews from the Military Officer’s Association of America and other Veteran Service Organizations. The outlook is very favorable.
Other “wins” during the first quarter include a successful sponsorship and attendance at the Association of Defense Communities’ Installation Innovation Conference in Miami, Florida. This conference included presentations from several senior DoD officials, including the new Assistant Secretary of Defense for Sustainment. Defense Credit Unions have a strong role in our defense communities and it is encouraging to increase recognition of our brand and value at senior defense levels.
We also participated in a National-level YMCA meeting focused on improving the health, academic, financial, and character development of our youth to better prepare for entry to the Armed Services. It was very rewarding to share what all of our members already do in the school system.
We initiated the development and production of a new “Armed Forces Financial Guide” working with the United States Military Academy (West Point) faculty. This guide replaces the current 350-page “textbook” and is being written to support all servicemembers. More to follow on the upcoming guide!
Plus, there is so much more happening in 2019! Stay tuned for more information regarding our efforts on a data-security bill and on QA2 resolution. We continue to advocate on your behalf.
Finally, we hosted all 100 GAC Crashers at DCUC’s Headquarters and Rooftop Lounge, which was catered by Dog Tag Bakery. The energy was amazing and the future of our industry is bright! I am very thankful for our member CEOs and Senior Execs who interacted with these emerging professionals. It was a great event we look forward to hosting again. Stay tuned for information on DCUC’s Crasher program, which will take place at our annual conference this summer.
DCUC is making a difference! Increasing our value to our members is our #1 focus. This cannot happen without your support. Thank you … and I want to thank each of you for your tireless efforts in “Serving Those Who Serve Our Country!”