WASHINGTON, DC (May 20, 2026) |
The Defense Credit Union Council (DCUC) issues the following statement in response to the recent Executive Orders signed by President Trump, “Integrating Financial Technology Innovation into Regulatory Frameworks” and “Restoring Integrity to America’s Financial System”:
“The Defense Credit Union Council, DCUC, appreciates President Trump's focus on modernizing financial regulatory frameworks to better reflect today’s digital economy and evolving consumer expectations. Credit unions have long embraced responsible innovation to expand access, strengthen financial readiness, and better support communities across the Nation, including our men and women in uniform, young families, veterans, and underserved populations. We look forward to reviewing the Administration’s proposals and working collaboratively with regulators and policymakers to develop common-sense regulatory approaches that encourage innovation while preserving safety and soundness." - Anthony Hernandez, President & CEO, Defense Credit Union Council, Ret. United States Air Force Colonel.
“As these efforts move forward, DCUC strongly urges regulators to adopt appropriately tailored requirements that recognize the unique structure and mission of credit unions, especially smaller and mid-sized institutions that often face disproportionate compliance burdens. A balanced and right-sized regulatory framework will help ensure credit unions remain competitive, continue investing in technology, and expand access to affordable financial services to communities nationwide." - Jason Stverak, Chief Advocacy Officer, Defense Credit Union Council