WASHINGTON, DC (April 28, 2026) |
The Defense Credit Union Council (DCUC) issued the following statement in response to the U.S. Department of the Treasury’s announcement that it has initiated a review of certified Community Development Financial Institutions (CDFIs) to assess compliance with applicable laws and program requirements:
“DCUC supports strong oversight of any institution that violates the law or abuses the mission of the CDFI Fund. Taxpayer dollars must be protected, and any genuinely predatory actor should be held accountable. But Treasury’s review should be targeted, transparent, and grounded in clear standards—not used to cast doubt on the many responsible CDFI credit unions serving underserved and military communities with safe, affordable financial products.
CDFI-certified credit unions are mission-driven, member-owned institutions that have long participated lawfully in this program, and many already operate under substantial regulatory supervision. Treasury should work directly with CDFI credit unions to ensure any new oversight is practical, consistent, and does not delay approved awards or weaken access to capital in the communities that need it most. Overly broad or unclear review risk slowing the flow of capital to communities that rely on CDFI credit unions every day. The focus should be on addressing bad actors without creating unnecessary barriers for institutions that are already meeting rigorous standards and delivering measurable impact.
DCUC stands ready to work with Treasury to protect program integrity while preserving mission impact and keeping the CDFI Fund fully executable for servicemembers, veterans, and underserved communities.”
Learn more about DCUC’s advocacy on the CDFI Fund here.