DCUC broadcasts Defense Matters 2022
WASHINGTON, DC (February 25, 2022) — For the second year in a row, DCUC broadcast Defense Matters from Big Whig Media studios in Downtown, DC. The broadcast was the first of two DCUC winter advocacy updates designed to provide members and partners across the country with the opportunity to hear the latest on issues affecting credit unions serving the military.
This year’s Broadcast was co-hosted by Anthony Hernandez, DCUC President/CEO, and John McKechnie, Total Spectrum Senior Partner. Over the course of the program, Hernandez and McKechnie were joined by Senator Kevin Cramer (R-ND), and NCUA Vice Chairman Kyle Hauptman.
Senator Cramer, who serves on the Armed Services Committee, Veterans’ Affairs Committee, and Banking Committee, joined the broadcast for a brief message thanking credit unions for the work they do in serving our military and protecting their financial wellbeing. He also shared his efforts to remove bureaucratic obstacles and regulatory compliance burdens that make it more difficult for credit unions to do their important work.
Following Senator Cramer’s remarks, Hernandez and Vice Chairman Hauptman sat down for an energetic discussion on the Vice Chairman’s priorities and initiatives that affect credit unions serving military members. Their discussion included charitable donations accounts, succession planning, Fintechs, and overdraft protection programs.
In addition to the guest speakers, Hernandez and McKechnie discussed the top issues affecting credit unions serving our military and veterans and DCUC’s priorities for the year ahead.
These advocacy priorities include:
- HASC Study on Military Access to Financial Institutions
- NDAA 2023
- Building Credit Access for Veterans Act
- NCUA Regulation 721.3(B) – Charitable Donation Accounts
- Veterans Business Lending Exemption
DCUC is taking a proactive approach to each of these initiatives. While there are likely many changes in the year ahead, DCUC will continue to lead the way and advocate for its members. DCUC will remain vigilant on these, and all initiatives affecting credit unions serving our military members, veterans, and their families.
Finally, many thanks to AFFN, ALM First Financial Advisors, and OMNICOMMANDER for making the broadcast possible.
About Defense Credit Union Council (DCUC)
The Defense Credit Union Council is the premier resource for credit unions on all military and veteran matters. By maintaining a close and constant liaison with the Pentagon, Capitol Hill, and NCUA, the Council champions the interests of credit unions serving our military and veteran communities by coordinating policy, procedures, and legislation impacting morale and welfare, financial readiness, and the delivery of quality financial products and services. Organized in 1963, the Council’s membership is comprised of 180 credit unions with over 35 million members. If you would like more information about this topic, please contact DCUC at alert@dcuc.org.
