The Defense Credit Union Council, (DCUC), sent a  letter  extending congratulations to Secretary of the Treasury nominee, Scott Bessent, while emphasizing DCUC’s commitment to collaborating on critical financial priorities.

​On Friday, November 22, 2024, Defense Credit Union Council, (DCUC), President/CEO Anthony Hernandez briefed the Board of Directors for Defence Bank, one of Australia’s prominent member-owned financial institutions. The meeting comes as Defence Bank explores forming its own association similar to DCUC to support financial institutions serving Australia's military and veteran communities.

​ALEXANDRIA, Va.– NCUA’s proposed 2025-26 budget is simply too high, according to the industry’s two largest trade groups, which offered input and feedback on where they want to see the agency take action on its expenses.

And the trade groups were not the only ones concerned during Friday’s budget hearing. NCUA Vice Chairman Kyle Hauptman outlined several issues he sees with the agency’s expenses, delivering some hard questions to staff.

The Defense Credit Union Council (DCUC) and America’s Credit Unions advised NCUA that now is the time to end the steady increases in the annual budget—which ACU said are leading to a lack of confidence among credit unions in the agency’s ability to produce a workable and fair budget.

The Defense Credit Union Council, (DCUC), gave its first live testimony during the National Credit Union Administration’s, (NCUA), FY 2025 proposed budget public briefing. DCUC expressed its appreciation for the opportunity to contribute to the budget process, emphasizing its commitment to fostering a strong, independent, and efficient regulatory framework that ensures the safety and soundness of credit unions.​

Credit unions play a crucial role in fostering financial wellbeing in their communities, and one demographic that often requires targeted support is veterans. Many veterans face unique financial challenges as they transition from military to civilian life. By enhancing outreach efforts and focusing on financial literacy, credit unions can better serve their veteran members and create lasting relationships within the community.

While DCUC’s focus has turned to the 2024 Elections and the unfolding Lame Duck session of Congress, we also are
reviewing a legal development that promises to reshape how NCUA and other federal regulators regulate: the Supreme Court’s overturning of the “Chevron deference” policy.

Today, the Defense Credit Union Council, DCUC, sent a letter to Senate Democrat Leader, the Honorable Chuck Schumer; Senate Republican Leader, the Honorable John Thune; Speaker of the House, the Honorable Mike Johnson; and House Minority Leader, the Honorable Hakeem Jeffries, urging Congress to make the Central Liquidity Facility (CLF) expansion a standalone priority in any upcoming must-pass legislation.

As we approach Veterans Day, it’s a time to reflect and honor our Nation’s heroes—the generations of men and women who have selflessly served in our armed forces. A tribute to these communities is not only offered by words of deep appreciation or gratitude, but through action.

WASHINGTON, D.C. - The Defense Credit Union Council, (DCUC), sent a letter to the Honorable Mike Johnson, Speaker of the House, and the Honorable Hakeem Jeffries, House Minority Leader. The letter urged the U.S. House of Representatives to exclude the Credit Card Competition Act (CCCA) from any version of the National Defense Authorization Act (NDAA).

​It’s been a busy month for DCUC, filled with exciting progress and engagement! We just recently concluded our first
successful Texas Sub-Council luncheon with cohost Randolph-Brooks Federal Credit Union (RBFCU). DCUC formed this new sub-council to offer defense credit unions within the Texas region an additional platform to discuss key issues and priorities while networking with other leaders.