Defense Credit Union Council (DCUC)

?? UPDATE: Treasury Secretary Scott Bessent responds to DCUC’s letter on the Community Development Financial Institutions Fund (CDFI Fund). “This Admin recognizes the vital role of CDFIs in expanding access to capital.” DCUC remains engaged to ensure financial access for military families & communities. https://buff.ly/V0ttc8b #CreditUnions

Hard work over the weekend pays off! Defense Credit Union Council (DCUC) was on the case. We are grateful for Secretary Bessent in hearing our concerns and issuing a strong statement in support of CDFIs. Kudos to Jason Stverak, Haleigh Laverty, Christa Dittus, and John McKechnie for their efforts in getting us to this point.

#ICYMI The elimination of the Community Development Financial Institutions Fund (CDFI Fund) will have severe consequences for military families & underserved communities. DCUC urges policymakers to reconsider cutting this critical resource that empowers CUs to provide affordable financial services. Read more in Credit Union Daily: https://buff.ly/VPqFaIF #DefendCDFI #CreditUnions

?? The elimination of the Community Development Financial Institutions Fund (CDFI Fund) threatens financial stability for #servicemembers & #veterans. DCUC is pressing Treasury for urgent answers to protect mission-driven credit unions. Read more in Credit Union Daily: https://buff.ly/5PuCEqI #CreditUnions #CDFIFund

DCUC is urging Treasury Sec. Scott Bessent to protect the Community Development Financial Institutions Fund (CDFI Fund), a vital resource for credit unions serving military & low-income communities. Cutting it would harm servicemembers & veterans. Read more on our fight to preserve these funds via CUtoday. https://buff.ly/cU2DD5k #CreditUnions #Military

On Saturday, DCUC raised concerns about the recent elimination of the Community Development Financial Institutions Fund (CDFI Fund). This morning, DCUC President/CEO Anthony R. Hernandez wrote to U.S. Treasury Secretary Scott Bessent, voicing how the CDFI Fund has been a lifeline for credit unions in expanding access to affordable financial services. "Given the Treasury Department’s role in overseeing the CDFI Fund, we urge immediate clarification on the impact of this executive order and the future of the Fund’s programs." Read DCUC's full letter here ?? #CreditUnions #CDFIFund #FinancialAccess

?? Jason Stverak’s Weekly Watch – March 14, 2025 ?? Your weekly advocacy update is here! DCUC continues championing defense credit unions, ensuring your voice is heard on Capitol Hill. ?? Key Updates This Week: ? Defended credit unions from tax discussions in Congress ? Advocated for modernized lending rules & military housing affordability ? Opposed CRA-like regulations that could harm military communities ? Pushed for stablecoin regulation while rejecting retail CBDCs ? Staying vigilant on NCUA independence & potential government shutdown ?? Take Action! Help protect the credit union tax exemption—join our advocacy efforts today! ?? Read more & get involved: https://buff.ly/9CKfUPR #DefendingCUs #DCUCAdvocacy

DCUC supports the American Housing & Economic Mobility Act but warns of potential CRA-like burdens on CUs. Protecting military & veteran financial access is key! Read more from Jason Stverak in CUtoday: https://buff.ly/xNIkWGX #CreditUnions #Advocacy #FinancialAccess

Same old attacks, same old hypocrisy! ICBA’s latest push to tax credit unions ignores how banks dodge taxes with Subchapter S & depreciation. As Jason Stverak puts it: “Credit unions invest in their members—banks chase profits.” https://buff.ly/GtNWUM8 #CreditUnions #PeopleOverProfits @CUToday

We’re excited to welcome the University of Kentucky Federal Credit Union as our newest DCUC member! Together, we’ll continue supporting military members, veterans, and their families with quality financial services. Welcome, UKFCU! https://lnkd.in/ghdJ58yF #CreditUnions #Military #Veterans #DCUC