DCUC Opposes Texas Senate Bills Threatening Military Financial Security

WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) has expressed its strong opposition in a letter to the Texas Senate Committee on Business and Commerce on Senate Bills SB 2026 and SB 2056. DCUC shared how these bills threaten to disrupt a secure and well-functioning payment system, ultimately reducing access to affordable credit for those who serve our nation.
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Jason Stverak, DCUC Chief Advocacy Officer, explained how SB 2026 and SB 2056 would grant windfall profits to large retail merchants without passing any savings to consumers. Additionally, they would bring harm to service members, veterans, and Gold Star families.

Although framed as efforts to enhance competition and lower costs, DCUC warns that these bills would risk limiting access to credit, weakening consumer protections, and undermining the financial security of military families.

“DCUC urges the committee to oppose SB 2026 and SB 2056 and stand with defense credit unions in safeguarding military and veteran communities,” says Stverak. “By rejecting these bills, lawmakers can prevent financial harm to service members and allow credit unions to continue their mission of providing safe, reliable financial services.”

DCUC welcomes the opportunity to collaborate on alternative solutions that promote true competition and consumer benefits, without jeopardizing the financial well-being of those who serve.

Stverak adds, “Protecting military families’ financial security has long been a bipartisan priority, and DCUC calls on Texas lawmakers to uphold this commitment by ensuring SB 2026 and SB 2056 do not become law.”

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