DCUC Urges Congress Not to Forget Vets During Coronavirus Pandemic (CUToday, March 23, 2020)
Monday, March 23, 2020
WASHINGTON—The Defense CU Council (DCUC) is urging Congress to help American veterans during the COVID-19 crisis.
DCUC CEO Anthony Hernandez, in letters to both the House and Senate, is asking Congress to support H.R. 2305, legislation that would exempt business loans made to veterans from current business lending caps. The bill currently has bi-partisan support in both the House and Senate.
“As part of our response to the growing economic strain that COVID-19 is causing our country, the Defense Credit Union Council will continue to support Congressional efforts to assist our nation’s veterans and their families,” wrote Hernandez. “America’s defense credit unions are uniquely positioned and structured to offer this kind of support given our location on every permanent military installation around the world and the fact that the majority of our members are veterans or will soon transition out of the military. More importantly, a number of these veterans are small-business owners and need access to capital for payroll, rent, and other purposes.
“Our focus is always on serving those who serve our country which is why we are writing to members on both sides of the aisle,” concluded Hernandez.
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