DCUC Highlights Credit Unions’ Support of Senior Populations in Letter to Senate Special Committee on Aging

WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) wrote to leaders of the Senate Special Committee on Aging ahead of tomorrow’s hearing, “Making Washington Work for Seniors: Fighting to End Inflation and Achieve Fiscal Sanity.”
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In the letter, DCUC Chief Advocacy Officer Jason Stverak highlighted defense credit unions’ dedication to serving senior members, including military retirees, veterans, and their families. Stverak listed the diverse programs, products, and resources credit unions provide to this important population.

​DCUC’s letter discussed the services credit unions provide, including financial literacy programs covering fraud prevention, retirement planning, and financial counseling; fraud protection to safeguard seniors’ finances and combat scams; tailored financial services such as low-cost loans, fee-free accounts [such as the VBBP], and competitive savings products designed for seniors.

Stverak also drew emphasis to credit unions’ advocacy and community engagement, which regularly centers around supporting policies that enhance financial inclusion and protect against predatory lending.

“We commend the Committee for addressing inflation and fiscal challenges that disproportionately affect seniors,” says Stverak. “Defense credit unions remain committed to helping seniors achieve long-term financial stability and stand ready to partner with policymakers to advance these critical goals.”

DCUC will continue to amplify defense credit unions’ dedication to the financial well-being of their members to ensure access to essential financial services, especially for underserved communities.

For more information, please contact Jason Stverak at [email protected] and visit dcuc.org/advocacy.