DCUC Urges NCUA to Prioritize Efficiency, Fiscal Responsibility, and Credit Union Value

WASHINGTON, D.C. – Yesterday, the Defense Credit Union Council (DCUC) has sent a letter to Sarah Bang, Liaison to the Division of Governance and Executive Leadership (DOGE) at the National Credit Union Administration (NCUA), commending new leadership and reaffirming support for sound fiscal management within the agency.
 
In its communication, DCUC expressed strong support for the NCUA’s efforts to rein in spending while preserving the safety and soundness of the credit union system—a balance that enables member credit unions to better serve military and veteran families across the country. ​

“As you evaluate opportunities for increased efficiency, we want to highlight that the NCUA is entirely funded by credit unions—not taxpayers. Credit unions also fund the National Credit Union Share Insurance Fund (NCUSIF) through the capital they invest. For that reason, we strongly support a return to the normal operating level of 1.30, so that credit unions may be rewarded with dividends for the capital they invest.”
 
DCUC also urged a thorough review of recent agency expenditures, particularly the significant cost increases associated with the MERIT examination platform. The letter further highlighted concerns stemming from the corporate credit union crisis, during which the agency incurred over $1 billion in legal fees through reliance on outside counsel—including firms such as Kellogg Huber and Korein Tillery.
 
“These historical examples underscore the need for greater cost oversight and a reassessment of the long-term value of outsourcing critical regulatory functions,” says Anthony Hernandez, President/CEO of DCUC. “As stewards of member resources, credit unions deserve a transparent, cost-effective regulatory environment that reflects their commitment to service—not unnecessary financial burden.”
 
DCUC looks forward to continued engagement with the NCUA and DOGE leadership to advance a regulatory framework that promotes operational efficiency, accountability, and value for credit unions and the communities they serve. 
 
For more information, please contact Jason Stverak at [email protected] and visit dcuc.org/advocacy.