DCUC Applauds Nomination of Kevin Warsh to Serve as Federal Reserve Chair

The Defense Credit Union Council (DCUC) applauds President Trump’s nomination of Kevin Warsh to serve as Chair of the Federal Reserve and appreciates the Senate’s role in providing thorough consideration of his confirmation. 

“Mr. Warsh brings significant experience from his prior service on the Federal Reserve Board of Governors and a deep background in financial markets and monetary policy, and we look forward to engaging with him and his team as he advances through the confirmation process,” says Jason Stverak, DCUC Chief Advocacy Officer. “America’s defense credit unions and the 40 million military, veteran, and family members they serve depend on a stable, transparent, and effective central banking system that supports responsible credit access, financial readiness, and resilient markets. As we have recently articulated in our advocacy, including real-time payments, interchange fee standards, emergency liquidity access, and broader financial inclusion, credit unions benefit when regulatory frameworks are clear, balanced, and tailored to the unique mission-driven institutions that serve servicemembers and communities nationwide.” 
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Stverak continued, stating, “We have raised concerns in the past about proposals that could inadvertently undermine consumer protections, weaken access to affordable financial services, or impede credit unions’ abilities to support critical member needs. Those priorities remain at the forefront of our engagement with federal regulators, including the Federal Reserve. DCUC stands ready to work constructively with Mr. Warsh on issues facing our member credit unions from ensuring Fed-led payment systems like FedNow remain accessible, secure, and cost-effective for institutions of all sizes, to supporting responsible oversight of payment network rules that impact interchange and fraud protection, to championing a transparent Fed that upholds independence while fostering conditions that support economic opportunity and military financial readiness.” 

“Credit unions are integral partners in the nation’s financial system, particularly for those who serve or have served our country,” adds Stverak “As Mr. Warsh’s nomination progresses, DCUC looks forward to engaging with the Fed Chair nominee, congressional leaders, and fellow stakeholders to advocate for policies that strengthen the financial well-being of military and veteran families and ensure robust, stable markets for all Americans.”