WASHINGTON, DC (June 10, 2025) |
The Defense Credit Union Council (DCUC), and a unified coalition of credit union trade associations and advocates sent a joint letter to Senate leadership ahead of anticipated budget reconciliation discussions.
The letter—delivered to every member of the U.S. Senate—expresses strong and united opposition to any legislative proposals that would threaten the not-for-profit tax status of credit unions. It also reaffirms the industry’s longstanding, mission-first commitment to community reinvestment and financial service access for underserved and military-connected communities.
“Credit unions are not Wall Street. They are mission-driven financial cooperatives that reinvest every dollar back into the members and communities we serve,” says Jason Stverak, DCUC Chief Advocacy Officer. “Proposals that undermine our tax status jeopardize not just our structure—but our ability to serve.”
Anthony Hernandez, DCUC President/CEO added, “DCUC is advancing a strategy that goes beyond reactive defense—we’re actively shaping the narrative, amplifying the credit union story, and ensuring our voice is represented on Capitol Hill and in national media. This is not just for DCUC members—it’s for the entire credit union movement.”
DCUC continues to actively coordinate with partners across the credit union space to defend the credit union difference. The joint letter is the latest in a series of advocacy efforts aimed at ensuring policymakers understand the unique value credit unions bring to millions of Americans—particularly military families, veterans, and underserved populations.
We remain fully engaged and will continue to proactively advocate to protect and defend the foundational policies that enable credit unions to deliver safe, affordable financial services across the country and overseas.