DCUC Outlines Key Policy Priorities in Letter to U.S. Treasury Nominee Scott Bessent

The Defense Credit Union Council, (DCUC), sent a  letter  extending congratulations to Secretary of the Treasury nominee, Scott Bessent, while emphasizing DCUC’s commitment to collaborating on critical financial priorities.

​“On behalf of the Defense Credit Union Council and our member credit unions serving service members, veterans, and their families, I want to congratulate you on your nomination as Secretary of the Treasury,” stated Jason Stverak, DCUC Chief Advocacy Officer. “Your dedication to economic growth and capital formation has been commendable, and we are confident that your leadership will further strengthen America’s financial institutions.”

DCUC provided Bessent its strategic priorities for the Treasury to consider, recognizing the critical intersection of financial inclusion, capital formation, and sustainable growth. In the letter, Stverak outlined DCUC’s position on core issues related to the credit union and overall financial industry. Stverak discussed the preservation of credit union tax status, avoiding overregulation, ensuring an independent NCUA, credit card fee regulations, expanding veteran business lending exemptions, opposing expansive and unnecessary CRA requirements, and enhancing the financial readiness of military and veteran communities.

Stverak expressed DCUC’s eagerness to collaborate with Bessent and his team, highlighting shared goals of economic stability and inclusivity.

“Defense credit unions stand ready to partner with the Treasury Department to enhance the financial well-being of all Americans, particularly those who serve and have served our Nation,” stated Stverak. “We applaud your contributions to fostering capital formation and your understanding of how mission driven financial institutions like credit unions contribute to economic growth.”

As Mr. Bessent continues through the confirmation process, DCUC has extended an invitation to meet and discuss these critical issues further.