This morning, the Defense Credit Union Council (DCUC) sent a letter to U.S. Treasury Secretary Scott Bessent expressing deep concern over President Trump’s recent executive order calling for the elimination of the Community Development Financial Institutions (CDFI) Fund.

Representing defense-focused credit unions that serve over 40 million members—including servicemembers, veterans, and their families—DCUC is alarmed by the potential impact this decision could have on financial access for military and underserved communities.

The Defense Credit Union Council (DCUC) is concerned by the decision to eliminate funding for the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. As the national voice for credit unions serving our military and defense communities, DCUC knows firsthand that the CDFI Fund is a critical lifeline enabling credit unions to serve underserved populations – including low-income neighborhoods and military families – with affordable financial services.
DCUC has shared its position as it relates to the CDFI Fund in letters to both the U.S. House and Senate.

​This week, DCUC continued to champion the interests of defense credit unions by sending letters to Capitol Hill defending against tax discussions and providing comments ahead of congressional hearings.

We remain focused on ensuring credit unions stay at the forefront of key policy debates and are committed to supporting you and highlighting your critical role in America's financial ecosystem.

Stay up to speed as we push forward! Follow along with our weekly announcements here.

WASHINGTON, D.C. – Earlier this week, the Defense Credit Union Council (DCUC) sent a letter to the House Financial Services Committee (HFSC) regarding the regulation of stablecoins and concerns over a potential U.S. Central Bank Digital Currency (CBDC).
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DCUC supports a federal framework for payment stablecoins that ensures regulatory parity, interoperability, and protection for credit unions.

WASHINGTON, D.C. – On Monday, the Defense Credit Union Council (DCUC) sent a letter to the House Small Business Committee on Oversight, Investigations, and Regulations, urging critical reforms that would allow credit unions to better serve America’s small businesses.
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"Outdated statutory caps and bureaucratic barriers are preventing credit unions from fully supporting local entrepreneurs," says Jason Stverak, DCUC’s Chief Advocacy Officer. "By modernizing these restrictions, Congress and the Small Business Administration (SBA) could unlock billions in capital for small businesses—at no cost to taxpayers—while driving job creation and economic growth."

WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) sent a letter to the Senate Banking, Housing and Urban Affairs Committee stating ahead of its hearing titled "Housing Roadblocks: Paving a New Way to Address Affordability.” DCUC commends the Committee’s commitment to improving housing affordability and highlights the severe challenges facing military families.

​In the letter, DCUC detailed how the affordable housing crisis is one of the most pressing challenges facing millions of Americans today.  

​WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly welcomes University of Kentucky Federal Credit Union (UKFCU) as our newest affiliate member.

The Defense Credit Union Council (DCUC) proudly announced the recipients of the 2025 George E. Myers (GEM) Scholarship during its annual Defense Matters event on March 4, 2025, at the Marriott Marquis in Washington, D.C.

​This year’s scholarship honorees include Kimberly Minnick (RG FCU), John Autry (Air Academy CU), George De Leon (Border FCU), and Al Rose (University CU). Each recipient will use the scholarship to advance their credit union education and leadership skills through specialized programs.

WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) took a strong stance in defense of credit unions’ tax-exempt status, sending letters to the Senate Finance Committee and the House Ways and Means Committee last week following its Defense Matters 2025.
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This advocacy coincides with thousands of credit union leaders gathering in Washington, D.C., for America’s Credit Unions Governmental Affairs Conference (GAC) and DCUC’s Defense Matters event; both highlighting the devastating impact of eliminating the tax exemption.