Defense CUs Wrap Up Overseas Sub-Council Meeting (CUToday, May 28, 2019)
Tuesday, May 28, 2019
LISBON, Portugal–The Defense Credit Union Council (DCUC) has concluded its 2019 Overseas Sub-Council Conference here. The objective of the event was to provide education, advocacy, and professional networking for overseas defense credit unions to better serve servicemembers and their families stationed abroad.
“There is a significant need for the overseas sub-council and a strong purpose due to force structure and the unique nature of more than 450,000 servicemembers and their families currently stationed overseas,” the DCUC said. “Our military and their families rely on defense credit unions to support their financial needs while living thousands of miles from their home base.”
According to the DCUC, while at the conference, DCUC Overseas Credit unions and leaders from Overseas DoD Commands networked and shared their insights on the latest issues and activities regarding servicemembers serving abroad as well as a look at the future of these important overseas missions.
The DCUC noted the U.S. military is actively considering expanding its footprint to Eastern Europe (Poland) which would mark a strategic shift. In the Autumn of 2018, DCUC President and CEO Anthony Hernandez introduced DCUC and its 2018 accomplishments at Poland’s National Association of Co-operative Savings and Credit Unions (NACSCU), as part of an event sponsored by the World Council of Credit Unions (WOCCU). Hernandez provided Polish credit unions with insights of having an organizational strategy and how to grow stronger in the age of regulatory changes, the DCUC said.
According to the DCUC, there are currently six credit unions that service military personnel based overseas.
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