DCUC kicks off virtual annual conference: Together in Spirit
WASHINGTON, DC (August 11, 2020) — DCUC started its virtual conference week with its quarterly Military Advocacy Update from DCUC President/CEO Tony Hernandez. Hernandez updated Military Advocacy Committee members and other attendees on the latest issues affecting credit unions who serve the U.S. military around the world. Hernandez noted that it has been a busy season and one full of unprecedented challenges.
Topics discussed included the FY2021 National Defense Authorization Act (NDAA), NCUA’s Low Income Credit Union (LICU) Designation technical revision, and the Credit Union Modernization Act 2020. Hernandez stressed the importance of member engagement with these issues in order to protect defense credit unions’ ability to serve their members. To that end, he shared several sample engagement letters that allow defense credit unions to voice their concerns and support for the varying issues. He also shared a few articles that DCUC wrote in response to accusations leveled at the credit union industry by the banking lobby and its supporters.
Following the Military Advocacy Update was the first of the Credit Union Liaison Officer Updates by Army Captain Jennifer Evans. The Military Liaison Officer updates are an important part of the DCUC Conference as they give members the opportunity to talk directly with their military service liaisons about any issues they are seeing on their installations and learn about any new policies that will affect their on-base operations. Captain Evans provided an update to DCUC members, focusing on changes in the Army leadership structure for Financial Management and how USAFMCOM provides weekly updates to show the status of support for all Army credit unions. For example, Army credit unions in conjunction with each of their installations provided exceptional care for Soldiers and their families throughout the COVID-19 pandemic. Captain Evans also gave an update on Army European Operations, discussing planned troop withdrawals in Germany and realignment to Italy. She also highlighted a potential Overseas hiring issue that is being actively addressed.
While not the usual conference, DCUC’s “Together in Spirit” Conference is off to an excellent start. DCUC is proud to provide its members with these opportunities to continue learning and better serve their members. Education for defense credit union is an intrinsic part of DCUC’s mission of Serving Those that Serve Our Country.
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.
