​WASHINGTON, D.C. – On November 13, 2024, the Defense Credit Union Council, DCUC, and Randolph-Brooks Federal Credit Union, RBFCU, cohosted a successful DCUC Texas Sub-Council luncheon at RBFCU Headquarters in Live Oak, Texas. The luncheon offered a new opportunity for credit union leaders and executives within the Texas region to gather and discuss issues and priorities that directly impact their success in serving their members’ financial needs, especially military and veteran communities.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), urging equitable treatment of credit unions in the CFPB’s proposed expansion of deposit insurance coverage.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council, DCUC, sent a letter to the Honorable Martin Heinrich, Chairman, and the Honorable David Schweikert, Vice-Chairman, of the Joint Economic Committee, ahead of the committee’s hearing titled “Building on the Success of the TCJA: The 2025 Tax Policy Debate.”

​WASHINGTON, D.C. – Today, the Defense Credit Union Council, DCUC, sent a letter to Senator Bernie Sanders expressing concerns about his proposal to impose a 10% cap on credit card interest rates. DCUC emphasized that while the proposal is well-intentioned, it would likely have unintended consequences, including reduced access to credit for underserved communities, diminished flexibility for credit unions, and a contraction of affordable financial services.

WASHINGTON—The Defense Credit Union Council (DCUC) is encouraging French Hill (R-AR) to consider credit unions in his new community banking plan.

Hill, who has been positioning himself to lead Republicans on the House Financial Services Committee, has introduced a plan titled "Make Community Banking Great Again."

DCUC Chief Advocacy Officer Jason Stverak sent a letter to Hill that not only asks for credit union consideration in the legislation, but also outlines credit union priorities.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council, DCUC, sent a letter to Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) of the House Financial Services Committee ahead of its hearing titled "Oversight of Prudential Regulators," urging the Committee to protect the independence of the National Credit Union Administration (NCUA). DCUC stresses that NCUA's independence is essential to maintaining the mission and unique structure of credit unions, particularly those serving military and veteran communities.

The Defense Credit Union Council, DCUC, sent a  letter  to Congressman French Hill (R-AR) emphasizing the need to recognize the essential role of credit unions in any effort to strengthen community banking. In response to recent proposals aimed at revitalizing local financial institutions, DCUC expressed appreciation for the focus on community-centric banking and urged the inclusion of specific reforms to support credit unions as a crucial part of this vision.

WASHINGTON, D.C. – Today, the Defense Credit Union Council, DCUC, sent a letter to a letter to Senate Judiciary Committee Chairman Dick Durbin (D-IL) and Ranking Member Lindsey Graham (R-SC), voicing strong opposition to legislative proposals targeting credit card interchange rates. DCUC highlights significant risks these measures pose to military service members, veterans, and their families as the committee prepares for the hearing titled, “America’s Big Ticket: Examining the Impact of the Visa-Mastercard Duopoly on Small Businesses and Consumers.”

WASHINGTON—The Defense Credit Union Council (DCUC) has sent a letter to Senate Judiciary Committee Chairman Dick Durbin (D-IL) and Ranking Member Lindsey Graham (R-SC) stating the trade group’s opposition to legislative proposals targeting credit card interchange rates.

In the letter, DCUC highlights “significant risks” these measures pose to military service members, veterans, and their families as the committee prepares for the hearing titled, “America’s Big Ticket: Examining the Impact of the Visa-Mastercard Duopoly on Small Businesses and Consumers.

by Jason Stverak

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.

For decades, DCUC has seen the level of commitment and service credit unions offer military, veterans, and underserved communities; one that has historically and statistically distinguished credit unions as strong advocates for military and veteran populations. This is why DCUC coins this part of the industry as “defense credit unions,” encompassing both credit unions that began decades ago on or near military installations and newly established ones committed to building strong connections with local military and veteran communities. Defense credit unions are united in their dedication to helping our Nation’s service members, veterans, and their families achieve financial success.