As you all know, DCUC has been actively defending the industry’s tax exemption amidst a concerning amendment proposed in the 2025 National Defense Authorization Act (NDAA). This effort involves numerous phone calls, meetings, grassroots campaigns, emails, and letters. It is worth every minute, and it is our honor to stand by and support our member credit unions.
2023 Army Distinguished Credit Union of the Year WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly announces Andrews Federal Credit Union, USAG Benelux, has been selected by the Department of the Army as the 2023 Army Distinguished Credit Union of the Year. A total of 24 packets (6 banks and 18 credit unions) were received and carefully reviewed by the United States Army Financial Management Command, Department of the U.S. Army, for consideration.
DCUC Expresses Support for CFPB Accountability Act
Separately, the Defense Credit Union Council (DCUC) said it supports the Consumer Financial Protection Bureau (CFPB) Accountability Act, which is being championed in Congress of Ranking Member Sen. Tim Scott (R-SC), Sen. Bill Hagerty (R-TN.) and others. Subjecting CFPB to Regular Congressional Appropriations Process WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) voices its endorsement of Ranking Member Tim Scott (R-S.C.), Senator Bill Hagerty (R-Tenn.), and their colleagues on the Banking Committee for their introduction of the “Consumer Financial Protection Bureau (CFPB) Accountability Act.”
DCUC Applauds the Department of VA for Temporary Local Variance for Certain Buyer-Broker Charges6/12/2024
WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) provides the following statement in support of the Department of Veteran Affairs (VA) announcement to issue a temporary local variance for charges related to real estate broker or agent (buyer broker) compensation.
Senator’s Bill Would Impose New CRA-Like Provisions on Certain Credit Unions (CUToday, May 29, 2024)5/29/2024
WASHINGTON–CUToday.info has learned Sen. Elizabeth Warren (D-MA) intends to propose legislation aimed at making housing more affordable and ending housing discrimination, with provisions that would also add a host of new Community Reinvestment Act-like requirements for certain federal credit unions, including around mergers.
Provided by Ron Aoki, DCUC Board Treasurer and president/CEO, Schofield FCU I recently watched the movie “Hacksaw Ridge” for the first time. I know, where have I been? It was only released some 8 years ago. When watching the movie, I was amazed at the determination of Desmond Doss as he repeatedly stated “One more. Help me get one more.” To see how physically draining it can be to carry soldier after soldier to safety was truly inspiring! It made me reflect on the challenges we all encounter as credit unions. While it doesn’t compare to carrying a soldier across a battlefield, the idea of pressing on when faced with challenges and hurdles is still something credit unions and their staff can resonate with. Every credit union I talk to seems to be going through some sort of challenge, whether its personnel changes and/or the ability to find qualified applicants, liquidity issues, and even the battle to keep our credit unions relevant in times of constant technological and regulatory change.
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