​WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) issues the following statement regarding the reintroduction of legislation by Ranking Member Waters (D-CA) aimed at promoting racial equity in lending, in honor of the 30th anniversary of the Community Development Financial Institutions (CDFI) Fund.

But is the cure worse than the disease? So, if a bad bill doesn’t become a law in Congress, there’s nothing to worry about, right?

Not necessarily, as new legislation aimed at payment fraud illustrates how issues in Washington tend to percolate far beyond the halls of Congress.

DCUC’s Advocacy Reimagined is an exciting new initiative for the Council, marking a significant expansion of DCUC’s
advocacy efforts in both our Nation’s capital and beyond. As you are aware, defense credit unions play a unique and critical role in serving military personnel, veterans, and their families. Now, more than ever, it is essential the defense credit union voice is heard clearly and powerfully at the federal level, where legislative and regulatory decisions can have profound impacts on credit unions’ ability to continue serving those who serve our country.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to Senators Bob Casey (D-PA) and Mike Braun (D-IN) of the Senate Special Committee on Aging, addressing the increasing threat of financial fraud targeting older citizens, with a specific focus on veterans. DCUC’s letter provided comments for the committee’s review ahead of the committee’s September 19, 2024, hearing titled, “Fighting Fraud: How Scammers are Stealing from Older Adults.”

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the Senate Small Business and Entrepreneurship Committee urging members to take action to better support veteran-owned small businesses in rural America. The letter was sent ahead of the committee's September 18, 2024, hearing titled, "Streamlining and Coordinating Support for Rural Small Businesses.”

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to Senators Elizabeth Warren (D-MA), John Kennedy (R-LA), and each office of the Senate Banking, Housing, and Urban Affairs Committee providing its comments for the upcoming September 18, 2024, hearing titled, "The Macroeconomic Impacts of Potential Tax Reform in 2025."

​WASHINGTON, D.C. – On Monday, September 9, 2024, the Defense Credit Union Council (DCUC) sent a letter to the U.S. Senate Committee on Finance ahead of the upcoming hearing titled “The 2025 Tax Policy Debate and Tax Avoidance Strategies,” scheduled for September 12, 2024. Addressed to the Honorable Ron Wyden (D-OR), Chairman, and the Honorable Mike Crapo (R-ID), Ranking Member, DCUC’s letter voiced it’s strong opposition to any policy proposals that would jeopardize the longstanding tax-exempt status of credit unions.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) called on its member credit unions to join its efforts in urging both houses of Congress to pass a "clean" FY2025 National Defense Authorization Act (NDAA) and protect the industry's current tax exemption status.