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As Budget Talks Heat Up, Credit Union Advocates Join Voices in Resounding Call to Congress: Preserve Credit Union Tax Status WASHINGTON, D.C. – “Taxing credit unions would be a regressive move that hits working families hardest. It’s not fiscal responsibility—it’s fiscal harm.”
As Congress intensifies discussions around budget reconciliation and the expiring provisions of the 2017 tax law, more than a dozen credit union organizations—representing over 4,500 institutions and 140 million member-owners—have issued a unified call to lawmakers: preserve the historic tax status for America’s not-for-profit financial institutions, credit unions. WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) successfully hosted an exclusive Town Hall discussion featuring Congressman Tom Emmer (MN-06), U.S. House Majority Whip. The event offered DCUC members and Defense Matters 2025 attendees an invaluable opportunity to hear and engage directly with one of Congress’s key leaders on issues impacting credit unions and the broader financial services industry. The virtual discussion covered critical topics, including Congressman Emmer’s insights on digital asset regulation, financial services priorities in the House, bipartisan legislative efforts, and how credit unions can effectively advocate in Washington, D.C. “America’s credit unions play a key role in serving our communities and supporting our WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the House Committee on Oversight and Accountability, Subcommittee on Government Operations, expressing appreciation for the Subcommittee’s efforts to improve the Department of Defense’s (DoD) financial management. DCUC also noted key challenges facing defense credit unions operating on military installations.
WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the Senate Finance and House Ways and Means Committees, strongly urging lawmakers to preserve the federal tax exemption for credit unions as tax policy discussions ramp up.
In the letter, DCUC shared how the credit union tax exemption is a vital component of the U.S. financial system. DCUC Chief Advocacy Officer Jason Stverak explained how credit unions’ not-for-profit structure enables them to provide lower fees, better rates, and crucial community services, directly benefitting American consumers and the economy. WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the House Financial Services Committee’s Subcommittee on Financial Institutions ahead of the April 29 hearing, "Regulatory Overreach: The Price Tag on American Prosperity." Representing credit unions serving military members, veterans, and their families, DCUC highlighted the disproportionate burden that one-size-fits-all regulations place on community-based financial institutions.
Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! Given the recent news of changes at the NCUA, and ongoing concerns on other industry issues including the credit union tax status and interchange proposals/CCCA, DCUC has pressed the importance of collaborative advocacy on all fronts.
Stay up to speed as we push forward! Follow along with our weekly announcements here. Defense Credit Union Council (DCUC) had an exceptionally productive and impactful first quarter of 2025. Through relentless advocacy and strategic partnerships, DCUC championed legislative and regulatory changes that benefit credit unions and the military community. The following summary showcases Q1 advocacy activities – and wins – that underscore DCUC’s positive momentum, leadership, and commitment to our mission.
Today, the Defense Credit Union Council (DCUC) called for a follow-up industry-wide strategy meeting to take place next Wednesday, April 30th at 12 PM ET as the credit union industry prepares for a pivotal month of legislative action.
DCUC’s recent growth and success is built on several of the great organizational paradoxes captured in our strategic design. In fact, this design is fundamental for planning and execution our strategy. Understanding each paradox is important as the credit union industry landscape keeps changing due to mergers, political factors, and recent leadership changes.
Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! Although Congress was in recess, DCUC still tackled several key issues impacting credit unions and their members at both the state and national levels, including changes at the NCUA, CFPB, and ongoing tax and interchange considerations.
Stay up to speed as we push forward! Follow along with our weekly announcements here. |
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