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WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) has sent a letter to House Financial Services Committee Chairman French Hill, applauding his leadership on the "Make Community Banking Great Again" initiative and urging full inclusion of credit unions in community banking reforms.
Defense credit unions, as not-for-profit cooperatives, are credit unions who serve as the vital financial pillars for military communities, providing America’s service members, veterans, and their families with access to affordable financial services. For over sixty years, DCUC has been the voice of these institutions, advocating for policies that strengthen their ability to serve their members. Through active engagement in regulatory, legislative, and DoD discussions, DCUC ensures the unique needs of defense credit unions remain a priority.  Tacoma, WA – March 28, 2025 America’s Credit Union is proud to announce a donation of $15,000 to the JBLM Children’s Museum. This contribution will support military families by providing free access to the museum, ensuring that children and their families can enjoy educational and enriching experiences without financial barriers.
The Children’s Museum operates under a “Pay As You Will” model, which allows any child to make use of the facility regardless of the ability to pay. The donation will allow the museum to underwrite those who may not otherwise be able to pay. Young military families are often at the lower end of the income scale and face challenges such as frequent relocations and deployments. The museum provides a space for them to connect, strengthen relationships, and build a sense of community.  Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! This week, DCUC continued championing the voice of defense credit unions. We've engaged with congressional leaders on legislative reforms and fostered important discussions on issues that directly impact our members and the communities they serve! We're pressed the importance of preserving the credit union tax status while also calling for clarity on CDFI programs, and the need to reform redundant and harmful overregulation.
Stay up to speed as we push forward! Follow along with our weekly announcements here. WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) commends Congresswoman Monica De La Cruz (TX-15) for her leadership in reintroducing the VA Home Loan Awareness Act. Congresswoman De La Cruz’s official announcement shared:
WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) commends the U.S. Senate's recent passage of S.J.Res.18, a joint resolution targeting the Consumer Financial Protection Bureau’s (CFPB) final rule on "Overdraft Lending: Very Large Financial Institutions."
"We thank Chairman Tim Scott for his leadership in bringing this critical reform to the CFPB's flawed overdraft fee rule," said Anthony Hernandez, DCUC President & CEO. "This resolution affirms that when regulatory agencies exceed their authority or impose policies that harm consumers, Congress must intervene. Chairman Scott's leadership has ensured that the perspectives of America's hardworking families and community-based financial institutions are heard amongst the national conversation on financial fairness and accessibility."  WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly welcomes Railway Credit Union as its newest affiliate member.
Railway Credit Union (RCU) has evolved from a small cooperative of Northern Pacific Railway employees in 1954 to a full-service financial institution serving a diverse membership. Over the years, strategic mergers with Soo Line Employees Credit Union, AFL-CIO Credit Union, Mandan Railway Employees Credit Union, Bismarck Telco Federal Credit Union, and Genie-Watt Credit Union have strengthened its reach and financial services. Key milestones include acquiring corporate headquarters in Mandan in 2003 and expanding to Bismarck in 2010. Most recently, RCU extended its membership to include the North Dakota Railroad Museum and military members. While not seeking to be the largest, RCU remains committed to providing world-class service and enriching its members' financial well-being. Learn more about Railway Credit Union here! DCUC Reminds Congressional Leaders of the Economic Benefit of the Credit Union Tax Exemption3/26/2025
WASHINGTON, D.C. – Early this morning, the Defense Credit Union Council (DCUC) wrote to both the Senate Finance Committee and House Ways and Means Committee leaders, warning that eliminating the historically-recognized credit union tax exemption would significantly harm America’s communities, including service members, veterans, and their families, raising costs, reducing financial services access, and weakening military financial readiness.
DCUC Chief Advocacy Officer Jason Stverak reminded that, unlike banks, credit unions, by both their unique structure and founding missions, reinvest earnings into member benefits such as lower loan rates, higher savings yields, and reduced fees. WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the House Financial Services Committee (HFSC) Chairman French Hill and Ranking Member Maxine Waters ahead of tomorrow’s hearing on reforming the Consumer Financial Protection Bureau (CFPB).
Representing defense and veteran-focused credit unions serving over 40 million members with $500 billion in assets, DCUC highlighted the need for CFPB reforms to ensure effective and accountable consumer protection without imposing undue burdens on credit unions. WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) expressed its opposition to the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft fees in a letter to Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott (R-SC).
The CFPB’s new rule, issued in December 2024, applies to financial institutions with more than $10 billion in assets and mandates that these institutions either cap most overdraft fees at $5 or treat overdraft programs as credit under the Truth in Lending Act (TILA).  Anchorage, AK – Global Credit Union hosted its 30th Annual Alaska Military Appreciation Breakfast on February 14, 2025, to honor the Alaska Armed Services YMCA’s 13 Service Members of the Year recipients and the Military Spouse of the Year.
Service members from all active-duty branches, as well as the Guard and Reserves, were nominated by their supervisors. Each nominee was then interviewed by a panel for recognition and awards based on their outstanding achievements. |
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