WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) has sent a letter to House Financial Services Committee Chairman French Hill, applauding his leadership on the "Make Community Banking Great Again" initiative and urging full inclusion of credit unions in community banking reforms.
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Defense credit unions, as not-for-profit cooperatives, are credit unions who serve as the vital financial pillars for military communities, providing America’s service members, veterans, and their families with access to affordable financial services. For over sixty years, DCUC has been the voice of these institutions, advocating for policies that strengthen their ability to serve their members. Through active engagement in regulatory, legislative, and DoD discussions, DCUC ensures the unique needs of defense credit unions remain a priority.

WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) commends Congresswoman Monica De La Cruz (TX-15) for her leadership in reintroducing the VA Home Loan Awareness Act.

​Congresswoman De La Cruz’s official announcement shared:

WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) commends the U.S. Senate's recent passage of S.J.Res.18, a joint resolution targeting the Consumer Financial Protection Bureau’s (CFPB) final rule on "Overdraft Lending: Very Large Financial Institutions."

​"We thank Chairman Tim Scott for his leadership in bringing this critical reform to the CFPB's flawed overdraft fee rule," said Anthony Hernandez, DCUC President & CEO. "This resolution affirms that when regulatory agencies exceed their authority or impose policies that harm consumers, Congress must intervene. Chairman Scott's leadership has ensured that the perspectives of America's hardworking families and community-based financial institutions are heard amongst the national conversation on financial fairness and accessibility."

WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly welcomes Railway Credit Union as its newest affiliate member.
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Railway Credit Union (RCU) has evolved from a small cooperative of Northern Pacific Railway employees in 1954 to a full-service financial institution serving a diverse membership. Over the years, strategic mergers with Soo Line Employees Credit Union, AFL-CIO Credit Union, Mandan Railway Employees Credit Union, Bismarck Telco Federal Credit Union, and Genie-Watt Credit Union have strengthened its reach and financial services. Key milestones include acquiring corporate headquarters in Mandan in 2003 and expanding to Bismarck in 2010. Most recently, RCU extended its membership to include the North Dakota Railroad Museum and military members. While not seeking to be the largest, RCU remains committed to providing world-class service and enriching its members' financial well-being. Learn more about Railway Credit Union here!

​WASHINGTON, D.C. – Early this morning, the Defense Credit Union Council (DCUC) wrote to both the Senate Finance Committee and House Ways and Means Committee leaders, warning that eliminating the historically-recognized credit union tax exemption would significantly harm America’s communities, including service members, veterans, and their families, raising costs, reducing financial services access, and weakening military financial readiness.
 
DCUC Chief Advocacy Officer Jason Stverak reminded that, unlike banks, credit unions, by both their unique structure and founding missions, reinvest earnings into member benefits such as lower loan rates, higher savings yields, and reduced fees. 

WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the House Financial Services Committee (HFSC) Chairman French Hill and Ranking Member Maxine Waters ahead of tomorrow’s hearing on reforming the Consumer Financial Protection Bureau (CFPB).

​Representing defense and veteran-focused credit unions serving over 40 million members with $500 billion in assets, DCUC highlighted the need for CFPB reforms to ensure effective and accountable consumer protection without imposing undue burdens on credit unions.

WASHINGTON, D.C. – Yesterday morning, the Defense Credit Union Council (DCUC) sent a letter to U.S. Treasury Secretary Scott Bessent stating its strong support for the Community Development Financial Institutions (CDFI) Fund and urging for clarity on its future.

DCUC appreciates the Treasury’s recognition of CDFIs’ vital role and its commitment to stakeholder engagement. However, with Treasury’s recommendations on the CDFI Fund expected to have been submitted to the White House by March 21, per the March 14 Executive Order, DCUC is seeking an update on the status of the process.

Today, the Defense Credit Union Council (DCUC), alongside nine financial trade organizations, has reaffirmed its strong opposition to the Credit Card Competition Act (Durbin-Marshall bill) or any expansion of the Durbin amendment.

The coalition, including DCUC, the American Bankers Association, America’s Credit Unions, the Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Independent Community Bankers of America, Electronic Payments Coalition, Mid-Size Bank Coalition of America, and National Bankers Association sent a letter stressing “any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market” poses harm to consumers, small businesses, and financial institutions by reducing choices, increasing costs, and raising fraud risks.

“The Credit Card Competition Act is a misnomer—it does nothing to enhance competition and everything to consolidate power in the hands of the largest retailers at the expense of consumers, small businesses, and community financial institutions,” says Anthony Hernandez, DCUC President/CEO. “If Congress enacts this legislation, consumers will lose rewards programs they depend on, small businesses will face greater financial strain, and community banks and credit unions will struggle to provide essential services. This is a solution in search of a problem—one that will only create new ones.

WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly welcomes Members 1st Federal Credit Union (Members 1st FCU) as its newest active member.

Members 1st FCU is a member-owned, not-for-profit financial cooperative headquartered in Enola, Pennsylvania. “Our members entrust us with their livelihoods, and that is a responsibility we carry with honor. For seven decades now, we've been a pillar of our community and one of the most respected financial institutions in the area. We've grown a lot since our early days, but our commitment to serving and empowering our members will never change.” Learn more about Member 1st FCU here!