WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) reaffirms its opposition to Senator Elizabeth Warren (D-MA) and House Representative Emanuel Cleaver (D-MO)’s Community Reinvestment Act-like (CRA) language proposed in Section 204 of the “American Housing and Economic Mobility Act of 2024.” DCUC first opposed the suggested CRA-like legislation and continues to be concerned about any additional requirements that could impede the ability of credit unions to reach out to lower-income populations.

Thanks to a flurry of critical news coverage, the image of credit unions being a pro-consumer beacon is being questioned on Capitol Hill and in DC regulatory agencies. The question: is this a tectonic political shift, or temporary criticism that will dissipate in a short period of time.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to The Honorable Patrick McHenry, Chairman, and The Honorable Maxine Waters, Ranking Member, of the House Financial Services Committee, United States House of Representatives. In its letter, DCUC provided commentary ahead of the committee hearing titled “Housing Solutions: Cutting Through Government Red Tape,” to raise awareness on a regulatory issue that may prevent Veterans from accessing their VA Home Loan benefits based upon recent court decisions.

We’re growing in terms of our footprint, not only in serving the interests of our members and defense credit unions but the entire industry as a whole. We’re increasing our MAC tempo with plans to hold more meetings and strengthen our advocacy for more success on behalf of our members. DCUC is already laying the groundwork for our future advocacy roadmap and ensuring the Council and its members are well-heard within the Capital.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to The Honorable Richard Blumenthal, Chairman, and The Honorable Ron Johnson, Ranking Member, Committee on Homeland Security & Governmental Affairs Permanent Subcommittee on Investigations, United States Senate. In its letter, DCUC provided its commentary ahead of the committee hearing titled “Instant Payments, Instant Losses: Zelle and the Big Banks Fail to Protect Consumers from Fraud.”

WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to The Honorable Nick LaLota, Chairman, and The Honorable Hillary Scholten, Ranking Member, Contracting and Infrastructure Subcommittee of the House Committee on Small Business, United States House of Representatives. DCUC provided its response to the upcoming congressional hearing on “Leveling the Playing Field: Examining the Landscape of Veteran Owned Small Businesses," urging the Subcommittee to support legislation that addresses barriers currently hindering veterans from accessing small business loans.

As our nation marked its 248th Independence Day, many celebrated with barbeques, attended parades, and watched fireworks. I am always proud to witness flag displays, patriotic ads on TV and the internet, and of course, heartfelt social media posts. Particularly moving are the tributes to our veterans during these festivities.

WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) provides the following statement in response to President Joe Biden’s decision to withdraw from the 2024 Presidential Election:

​“DCUC appreciates President Biden's lifetime of public service and looks forward to working with his administration through the remaining days of his administration," said Anthony Hernandez, DCUC President/CEO. "It is important for credit unions and their members to participate in our elections to ensure the best outcome for our country and our industry."

​WASHINGTON, D.C. – Today, the Defense Credit Union Council, DCUC, sent a letter addressed to The Honorable Charles Schumer, Senate Majority Leader, and The Honorable Mitch McConnell, Senate Minority Leader voicing its strong opposition to the proposed NDAA study which seeks to bolster the Credit Card Competition Act, CCCA.