The Defense Credit Union Council (DCUC) has urged Congress to include two bipartisan provisions in the Fiscal Year 2025 National Defense Authorization Act (NDAA). In a letter to the House and Senate Armed Services Committees, DCUC expressed support for:
· The Padilla–Cramer NCUA Central Liquidity Facility (CLF) Enhancements Act – permanently restoring proven emergency liquidity authorities that protect small and military-serving credit unions during times of crisis, at zero cost to taxpayers.
· The Sullivan–Hirono / Fitzpatrick–Gonzalez Veterans Member Business Loan (VMBL) Act – exempting veteran-owned small business loans from the member business lending cap, unlocking affordable credit for veteran entrepreneurs and strengthening local economies.
“These provisions are not just industry measures – they are military community support items,” says Jason Stverak, DCUC Chief Advocacy Officer. “By safeguarding emergency liquidity access and expanding veteran entrepreneurship opportunities, Congress can directly improve the financial readiness of servicemembers, veterans, and their families.”
“For more than 60 years, credit unions have operated on or near over 250 military installations worldwide, providing vital financial services that enhance military readiness and family financial security,” added Anthony Hernandez, DCUC President/CEO. “Including these bipartisan, zero-cost measures in the NDAA would ensure that credit unions remain strong partners in supporting America’s defense community.