Forging Connections, Building Advocacy: DCUC’s Busy Month of Engagement, Collaboration and Vision11/26/2024
 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.  Credit unions stayed out of the conversation at the first Senate hearing on next year’s widely anticipated tax reform
legislation, but friends and skeptics alike are telling DCUC that the credit union tax exemption is almost certain to be one of the issues examined on Capitol Hill in 2025.  Credit unions play a vital role in the financial ecosystem, providing millions of consumers with affordable financial services while fostering a sense of community ownership. However, the growing trend of over-regulation poses significant risks to their sustainability and future growth.
 DCUC is growing! In fact, we are pleased to announce the addition of two new member credit unions and are excited to help them serve their military and veteran communities. Beyond welcoming new members, there are many more innovations we are eager to deploy designed to make us even more responsive and accessible to our entire membership.
 The “Credit Card Competition Act,” S. 1838, as introduced by Senators Dick Durbin and Roger Marshall, represents another financial hazard masked by seemingly good intentions of the retail lobby. Unfortunately, the proposed legislation does nothing to reduce additional costs for consumers and harms working-class Americans. All it really does is secure another round of windfall profits for big box retailers and e-commerce giants. This is unfair and should alarm everyone reading this article.
 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. Advocacy in Action: DCUC’s Bold Initiative to Strengthen the Voice of Defense Credit Unions9/20/2024
 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.  First and foremost, I want to thank each of you for your steadfast commitment to delivering the finest financial products and services to our Nation’s service members, veterans, and their families. Your dedication is why the Defense Credit Union Council (DCUC) takes great honor in representing you. Your unwavering focus to Serving Those Who Serve Our Country ensures the credit union philosophy of people helping people remains a distinctive force within the financial industry.
 DCUC engaged Congress on the credit union tax exemption status by sending a letter and questions to the Senate Committee on Finance ahead of today's hearing, “The 2025 Tax Policy Debate and Tax Avoidance Strategies.”
 Provided by Ryan Ross, DCUC Board Secretary & Soarion CU President/CEO Your Credit Union’s Commitment to Military and Veteran Members
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