CEO Update: DCUC look ahead

This year’s Annual Conference in San Antonio was a great success, and I want to thank  our member credit unions and strategic partners for attending and supporting this event. The DCUC staff worked hard on putting the conference together and the feedback across the board was great. As a result, I am very excited about our 60th Anniversary Conference in Colorado Springs next year. Please mark your calendars now for July 31–August 4, 2023—you will not want to miss this special gathering. Go to www.dcuc.org/DCUC2023 as we release updates and details.

In between, DCUC has lots going on and much to look forward to. Here are few highlights to note:

One major issue right now: We are working very hard on advocating for credit union interests in the 2023 National Defense Authorization Act. We were very thankful the Department of Defense recognized the difference between banks and credit unions in their recent report to the SASC and HASC on “Access to Financial Institutions on Military Installations.” The report confirmed what DCUC has maintained for years: that Service members and their families are not limited in their options for access to financial services given several online and/or off-base choices. Credit unions have been successfully filling the gap and managing the installation’s Treasury General Account at no charge while banks leave the bases.

We are not out of the woods, yet. The Senate Armed Services Committee included language in its version of the FY2023 National Defense Authorization Act requesting the Secretary of Defense provide a briefing by March 1, 2023, on why banks and credit unions are treated differently on military installations in terms of no-cost land leases. This is the latest approach in an ongoing campaign by the banking lobby as they seek one more handout from Congress. We have respectfully asked for this language to be removed from the Senate version of the 2023 NDAA.

 

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