Yesterday, the Defense Credit Union Council (DCUC), sent a letter ahead of the House Financial Services Committee’s full markup, expressing concern that no credit union-specific legislation has been included on the Committee’s markup agenda, despite repeated advocacy highlighting long-standing priorities critical to financial access and readiness for communities nationwide.
DCUC urged Committee leadership to prioritize measures such as modernizing credit union field-of-membership rules, exempting veteran-owned small business loans from the member business lending cap, and restoring permanent access to an enhanced NCUA Central Liquidity Facility.
While raising concerns about the omission of credit union priorities, DCUC also expressed support for several bills scheduled for consideration, including legislation promoting responsible use of artificial intelligence in financial services, modernizing Bank Secrecy Act reporting thresholds, expanding access to capital for small businesses, strengthening enforcement against cyber-enabled financial crime, tailoring regulation for community financial institutions, improving secondary market liquidity, and reauthorizing the Terrorism Risk Insurance Program (TRIA).
DCUC voiced that these measures, if enacted thoughtfully, can strengthen financial security, reduce unnecessary regulatory burdens, enhance market stability, and support innovation, benefiting military families and the communities credit unions serve.
“Defense credit unions are a critical part of our nation’s financial system and play a unique role in supporting servicemembers and veterans,” reminds Jason Stverak, DCUC Chief Advocacy Officer. “We appreciate the Committee’s work on these bills, but urge Congress to also address overdue credit union priorities that directly impact financial inclusion, resilience, and readiness for those who serve our country.”
DCUC reaffirmed its commitment to working with Committee leaders and members to advance balanced, targeted solutions that preserve access to safe, affordable credit while strengthening the broader financial system.