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WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) sent a letter to the Senate Finance Committee addressing concerns ahead of the confirmation of Mr. Scott Bessent as Treasury Secretary.
In the letter, Jason Stverak, DCUC Chief Advocacy Officer stressed the importance of discussing issues central to the financial well-being of our members during the Committee’s confirmation process. WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the Honorable Jason Smith, Chairman, and the Honorable Richard Neal, Ranking Member, of the House Ways and Means Committee, urging their support for the preservation of credit unions’ federal tax-exempt status. DCUC’s letter comes ahead of the committee’s hearing titled, “The Need to Make Permanent the Trump Tax Cuts for Working Families,” scheduled for tomorrow, January 14.
Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions. A Quick Note
It's been a busy week for DCUC. We've sent letters to Senate committees, the NCUA, and all four corners of Congress, addressing critical issues affecting military banking, veteran financial well-being, and credit union regulations. We hosted our monthly Military Advocacy Committee meeting, shared our priorities on CU Times' podcast, and countered misinformation about the credit union tax exemption. The Defense Credit Union Council (DCUC) formally requested meetings with each NCUA Board member to address critical issues impacting credit unions and the military communities they serve. Following the release of NCUA’s 2025 Supervisory Priorities, DCUC Chief Advocacy Officer Jason Stverak outlined key observations and concerns in a letter to NCUA Chairman Todd Harper, specifically on cybersecurity, liquidity risks, balance sheet management, consumer financial protection, and the Military Lending Act (MLA).
DCUC Urges Senate to Prioritize Veterans’ Financial Interests During VA Secretary Nomination1/9/2025
WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the Senate Veteran Affairs Committee highlighting critical issues impacting the financial well-being of military personnel, veterans, and their families.
The letter, written by DCUC Chief Advocacy Officer, comes as the Committee evaluates the nomination of Congressman Doug Collins as Secretary of Veterans Affairs. DCUC’s letter reinforces its commitment to serving the financial needs of military and veteran communities while advocating for policies that empower their financial future. DCUC Sends Letter to Senate Armed Services Committee Ahead of Secretary of Defense Confirmation1/8/2025
DCUC Strongly Supports Need for DoD Federal Advisory Committee WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the Honorable Roger Wicker (R-MS), Chairman, and the Honorable Jack Reed (D-RI), Ranking Member, Senate Armed Services Committee raising concerns over the critical issues related to the Department of Defense’s (DoD) Military Banking Programs, Policies, and Regulations.
The Defense Credit Union Council (DCUC) sent a letter to the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee, urging support for credit unions' tax-exempt status while addressing ongoing misinformation from the banking industry.
The Impact of the NDAA Pay Raise The Defense Credit Union Council (DCUC) continues its mission to advocate for and support the financial readiness of our nation’s service members and their families. With the passage of the recent National Defense Authorization Act (NDAA), junior enlisted service members are set to receive a significant 14.5% pay raise by April 2025. This increase in discretionary income will undoubtedly benefit service members and the communities surrounding military installations.
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