​It has been a whirlwind of a year, or more like an F5 Tornado. It all began following our 60th Annual Conference in Colorado Springs, built momentum throughout the fall of 2023, and reached peak intensity after last year’s American Association of Credit Union Leagues (AACUL) winter meeting. While the full story remains for another time, it’s been a period of immense growth and resilience.

​WASHINGTON—Banking and credit union trade groups are speaking out against the CFPB’s final overdraft rule, which caps overdraft program fees at $5 and applies to financial institutions, including credit unions, above $10 billion in assets.

​WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) announces its strong opposition to the Consumer Financial Protection Bureau’s (CFPB) new rule issued earlier this morning, which caps overdraft fees at $5— a sharp decrease from the current industry average of $35 per transaction. When announcing the new rule, the CFPB stated it believes the rule “allows consumers to better comparison shop across credit products and provides substantive protections that apply to other consumer credit.”

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown and Ranking Member Tim Scott, advocating for balanced oversight of the Consumer Financial Protection Bureau (CFPB).

​The Defense Credit Union Council (DCUC) is pleased with the release of the U.S. House of Representatives’ official text for the “Servicemember Quality of Life Improvement and National Defense Authorization Act for Fiscal Year 2025” (NDAA). The legislation does not include the Durbin-Marshall Credit Card Competition Act (CCCA) or related study proposals that could give rise to similar regulations.

​Credit unions have built a legacy of putting their members first, fostering financial wellness, and making a tangible difference in America’s communities. Sustaining a high level of service is very similar to the game of golf. You must continuously work at it.

​MIAMI, FL – The Defense Credit Union Council (DCUC), represented by its Chief Advocacy Officer, Jason Stverak, is proud to attend the American Association of Credit Union Leagues (AACUL) 2024 Winter Conference held in Miami, Florida. This annual event fosters collaboration among credit union leagues and industry advocates to advance the shared mission of supporting credit unions nationwide. DCUC recognizes the importance of connecting with league presidents and leaders dedicated to serving the unique needs of credit unions.

​“You’re gonna need a bigger boat!” This movie quote was made famous by the fictional character Chief Martin Brody (Roy Scheider) in the 1975 movie, “Jaws.” 

After seeing that the man-eating shark they are hunting is much larger than originally expected, Chief Brody unemotionally delivers this famous quote to the professional shark hunter “Quint” (Robert Shaw). It is also the first time the movie audience sees the enormous shark, which makes the quote’s delivery more effective.

​WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to the House Financial Services Committee ahead of the committee’s hearing titled “Innovation Revolution: How Technology is Shaping the Future of Finance,” scheduled for Wednesday, December 4, 2024.

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.