DCUC recently announced Jack Fallis, President, PNW & International Markets Global CU, as the new DCUC Board Chairman. Fallis has served on DCUC’s Board of Directors since 2017, most recently as 1st Vice Chair. Fallis officially assumed the role of Chairman after a “DCUC first-ever” passing of the gavel ceremony held during DCUC’s Annual Conference and Hall of Honor gala on Thursday, August 10.
Capital Corner: September Promising to Be the Busiest and Most Consequential Month of 2023 in Washington
Provided by John McKechnie
Several critical issues are on the clock, and DCUC is on top of all of them. Here’s a grab bag of what we’re watching
We all know that change is the only “constant” successful organizations anticipate, plan for, and manage as time marches on. When change occurs or is necessary, the choice is simple: adapt or wither away. How many department stores, communication devices, and video arcades are no longer part of our culture?
DCUC, CUNA, and NAFCU sent a joint trades letter to Senator Patty Murray (D-WA) expressing our support of the Senate Amendment 206 to the 2024 NDAA. This amendment would help to remove many current constraints and barriers DoD has recently placed on credit unions. It would also aid in increasing proficiency in financial literacy efforts on installations and improve the financial readiness of our Nation’s service members.
DCUC and eight trade associations representing banks and credit unions, including those primarily serving military-affiliated customers and members, released a joint statement opposing Senator Roger Marshall's (R-KS) efforts to derail the National Defense Authorization Act (NDAA) unless the Senator receives consideration for his proposed credit card routing legislation (S. 1838) as an amendment:
DCUC Concludes Free Webinar: “Speaking Military: Enhancing Credit Union Communication and Support for Military and Veteran Members”
The Defense Credit Union Council (DCUC) recently concluded its free webinar, “Speaking Military: Enhancing Credit Union Communication and Support for Military and Veteran Members,” hosted by CUInsight on Wednesday, July 12, 2023. DCUC specifically designed the webinar to provide information, strategies, and resources to all credit unions interested in effectively communicating with and best serving military personnel, veterans, and their families.
John McKechnie, Principal, McKechnie LLC
Sens. Dick Durbin (D-IL.), Roger Marshall (R-Kan.), J.D. Vance (R-Ohio) and Peter Welch (D-Vt.) on June 7 introduced the Credit Card Competition Act (CCCA, S. 1838), which would require banks with more than $100 billion in assets to offer merchants at least two networks to process credit cards. Under terms of the bill, at least one of these payment rails could not be owned by Visa or Mastercard. A House companion bill, HR 3881 was introduced by Rep. Lance Gooden (R-TX).
For over 60 years, DCUC has played an important role within the credit union industry. Our founders saw the need for an association that could “speak military,” one that understood the unique financial opportunities and challenges our service members encounter during, and after, their time of service.
View From the Board: AFFCU Levers Scholarships & Financial Ed to Help Military Families & Dependents
Ryan Ross, DCUC Board Member and AFFCU President/CEO
Air Force FCU (AFFCU) was established in 1952 by 10 air- men on JBSA-Lackland. Over the 71 years, AFFCU has grown to serve the diverse needs of over 52,000 members worldwide with a full array of financial services, seven branch locations, and the strength of more than $650 million in assets. Although military affiliation is no longer required to join AFFCU, we still have a long history of supporting our military. As a member-owned and not-for-profit organization, AFFCU is passionate about assisting the communities it serves through volunteer work, scholarships, and sponsorships.
John McKechnie, Principal, McKechnie LLC
Now that the bank collapses have subsided (for now) and Congress and the Administration have resolved the debt ceiling showdown, it appears that Congress is moving back to a more business as usual M.O. Here’s what DCUC is on top of in the Nation’s Capital: