 In recent years, credit unions have stepped up as buyers for community banks – and that’s a good thing. Rather than signaling a hostile takeover spree, this trend reflects a commitment to keeping local banking services alive and well. In 2024 alone, credit unions announced 22 bank purchases – more than in any previous year on record. Community bankers may be sounding alarm bells over this uptick, but the reality is that credit union acquisitions of banks are benefiting consumers and communities. Here’s why keeping ownership local through credit unions buying banks is a positive development.
 Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! DCUC continues to lead on behalf of its members and with our Strategic Partners with strong, timely advocacy across multiple fronts.
 In today’s credit union industry, we are seeing a rapidly evolving landscape, which means the role of trade associations and leagues has never been more important.
Apart from serving their members, credit unions join and invest their trust in these organizations to fuel their collaborative spirit-- advancing advocacy, sharing ideas and innovation, and building meaningful connections across the industry. This has and continues to be one of the many hallmarks of our industry’s success. Yet, it is not just about “feel good” moments that fuel this effort. Collaboration comes with certain expectations and responsibilities. WASHINGTON, DC – The Defense Credit Union Council (DCUC) has sent a letter to House Financial Services Committee leaders Rep. French Hill and Rep. Andy Barr urging updates to the Gramm-Leach-Bliley Act (GLBA) to reflect today’s digital financial landscape.
WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) applauds recent steps taken by the Small Business Administration (SBA) in addressing the growing crisis of “debanking” in America.
This week, the SBA has instructed more than 5,000 lenders to end debanking practices based on political, religious, or ideological grounds, carrying out President Donald Trump’s Executive Order, “Guaranteeing Free and Fair Banking for All Americans.” WASHINGTON, DC – The Defense Credit Union Council (DCUC) commends a bipartisan group of U.S. Senators for introducing an amendment to the National Defense Authorization Act (NDAA) that would expand and strengthen the Community Development Financial Institutions (CDFI) Fund. See DCUC's recent letter here.
Protecting Consumers, Servicemembers, and Financial Stability WASHINGTON, DC – The Defense Credit Union Council (DCUC) has expressed its strong opposition to Puerto Rico Senate Bill 675, which seeks to exclude sales taxes and gratuities from interchange fee calculations.
WASHINGTON, DC – The Defense Credit Union Council (DCUC) has voiced strong support for modernizing deposit insurance and urges Congress to pair these reforms with expanded small business lending authority for credit unions.
In a letter to Senators Hagerty and Alsobrooks, DCUC’s Chief Advocacy Officer, Jason Stverak, commended the recent amendment to the FY2026 National Defense Authorization Act, which proposes to raise deposit insurance coverage on business transaction accounts to $20 million for community financial institutions.  Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! This week, DCUC reinforced its leadership in advocating for a clean, defense-focused NDAA by opposing efforts to attach the Credit Card Competition Act and a proposed commissary study—this time joining forces with the nation’s top bank and credit union associations.
WASHINGTON, DC – In a unified call to action, the nation’s leading banking and credit union trade associations have urged Congress to reject the Durbin-Marshall interchange legislation—formally known as the Credit Card Competition Act—and a related “commissary interchange” study amendment from the Fiscal Year 2026 National Defense Authorization Act (NDAA).
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