Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! This week, DCUC continued to champion the interests of defense credit unions by sending letters to Capitol Hill defending against tax discussions and providing comments ahead of congressional hearings.
We remain focused on ensuring credit unions stay at the forefront of key policy debates and are committed to supporting you and highlighting your critical role in America's financial ecosystem. Stay up to speed as we push forward! Follow along with our weekly announcements here. Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! As you arrive in Washington, D.C. for DCUC's Defense Matters 2025, and America's Credit Unions' annual Governmental Affairs Conference (GAC), we thank you for your commitment to serving military members, veterans, and their families.
Every year, this serves as a key opportunity to engage with lawmakers and advocate for policies that keep defense credit unions strong and competitive. Why does it feel like everything is on the table and up for grabs in DC these days? Because that’s exactly what’s going on in Our Nation’s Capital. And for defense credit unions, and all credit unions, the very real possibility of major changes at federal regulatory agencies is keeping DCUC on its toes in an effort to keep up with (and hopefully influence) those major changes in the coming weeks and months.
Advocacy in Action: The Need for Advocacy: Why Every Credit Union Must Engage—From CEO to the Teller2/26/2025
Protecting the Future of Credit Unions Amid Growing Challenges Advocacy Must Be Job One
Credit unions have long stood as pillars of financial security, providing service-driven, not-for-profit alternatives to traditional banks. However, today’s credit union industry faces an unprecedented wave of legislative, regulatory, and competitive threats that could fundamentally alter our ability to serve our members. From the CEO to the frontline teller, advocacy is no longer optional—it is a necessity for survival. Having completed the first year of our three-year strategic plan, DCUC is reviewing its recent accomplishments across the board, vis-à-vis specific milestones and desired conditions. I knew long before preparing my annual presidential report that our association has accomplished many things over the last year. However, as I started linking outcomes with objective throughout our plan, it was amazing how much progress and growth DCUC experienced in 2024.
Driving the Week
Budget Reconciliation The Senate passed Budget Committee Chairman Lindsey Graham’s (R-SC) budget resolution early Friday morning. The House returns today, with Republican leadership planning to bring their budget resolution to the floor as soon as Tuesday. President Trump endorsed the House bill last week on Truth Social. However, the House plan lacks the budgetary flexibility to permanently extend the provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and implement the President’s additional priorities. Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! With the U.S. House out this week, we anticipated a quieter week in terms of advocacy. However, there are still key developments to monitor.
Stay up to speed as we push forward! Follow along with our weekly announcements here. Driving the Week
Budget Resolution Although the House is in recess this week, House Speaker Mike Johnson (R-LA) canceled plans to attend a meeting in London in order to address the Republican conference virtually regarding the budget resolution. The Senate returns to Washington on Tuesday and could vote on its version of the budget resolution as soon as this week. The budget resolution is championed by Senate Majority Leader John Thune (R-SD) and Senate Budget Committee Chair Lindsey Graham (R-SC) who successfully reported it out of the Senate Budget Committee last week. If the Senate holds a vote this week, it will signal that Senate Republicans plan to continue moving forward with the two-bill reconciliation process, as opposed to the House's preferred one-bill approach (the House Budget Committee voted its version of the budget resolution out of committee Thursday evening). The Senate’s budget resolution focuses on defense and border security needs and does not include provisions to extend the 2017 Tax Cuts and Jobs Act. Your weekly advocacy update: Stay informed, take action, and champion the voice of America’s defense credit unions! It’s been another busy week for DCUC, packed with several letters, articles, and public statements regarding recent legislative action that directly impacts your credit union.
One thing is for certain—DCUC remains committed to ensuring your credit union is heard and well-represented. Stay up to speed as we push forward! Follow along with our weekly announcements here. Driving the Week
Government Funding Lawmakers are once again facing a government funding deadline in just over a month. The current continuing resolution (CR) expires on March 14, and lawmakers must pass another CR or complete action on the FY 2025 appropriations bills to avoid a government shutdown. In addition, spending caps will take effect under the Fiscal Responsibility Act on April 30. |
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