WASHINGTON, DC (March 16, 2026) |
Today, the Defense Credit Union Council (DCUC) sent a letter to U.S. Treasury Secretary, the Honorable Scott Bessent, expressing appreciation for the Administration’s recent Executive Order, Promoting Access to Mortgage Credit, while urging policymakers to ensure that credit unions are not overlooked as regulatory relief is implemented.
DCUC acknowledged the Administration’s focus on expanding access to homeownership and addressing regulatory barriers that can limit responsible mortgage lending. However, DCUC noted that the Executive Order appears to focus regulatory relief primarily on community banks without referencing credit unions, institutions that serve many of the same communities and borrowers, including military families.
“Credit unions are essential partners in expanding access to affordable homeownership, particularly for underserved communities, and servicemembers and veterans navigating programs like the VA loan,” Hernandez added. “As Treasury and federal regulators move forward with implementing this Executive Order, credit unions must be included in the conversation. DCUC stands ready to work with policymakers to ensure credit unions receive the same fair consideration as other community lenders.”
Credit unions provide financial services to communities across America, and many operate on or near military bases and play a critical role in supporting the financial readiness of the armed forces by providing affordable loans, responsible mortgage products, financial counseling, and emergency financial assistance.
DCUC urged Treasury to clarify whether credit unions will receive comparable regulatory consideration as federal agencies move forward with implementing the Executive Order.