WASHINGTON--The Defense Credit Union Council Monday submitted six separate comment letters to NCUA in response to the agency’s sixth round of deregulation proposals.
With these submissions, DCUC has now submitted a total of 25 comment letters as part of the NCUA’s ongoing Deregulation Project.
In its latest letters (see links below), DCUC expressed support for several proposals aimed at modernizing and streamlining regulatory requirements. These include removing the requirement that certain service agreements be in writing, simplifying rules governing eligible obligations, rescinding redundant provisions already addressed in the Federal Credit Union Act (FCUA), clarifying statutory lien authority language, and updating compensation rules to allow more flexible, performance-based incentives tied to overall institutional health.
At the same time, DCUC opposed the proposal to eliminate the requirement that credit union board members maintain a “working familiarity” with basic financial practices. DCUC emphasized that removing this standard could weaken board oversight, reduce financial literacy at the governance level, and increase risk in areas such as audit response and supervisory compliance.
“DCUC’s focus amid the NCUA’s Deregulation Project reflects a core advocacy priority of ensuring that regulatory reform strengthens the credit union system,” said Jason Stverak, DCUC chief advocacy officer. “We support efforts that reduce unnecessary burden and provide operational flexibility, but we will continue to push back where changes could undermine governance, accountability, or member protection. This is about maintaining the right balance so credit unions can continue delivering value to the communities they serve.”
DCUC said its comments highlight the importance of tailoring regulatory changes to preserve safety and soundness while enabling credit unions to adapt to evolving financial and operational demands.
“We’re committed to ensuring that the voice of credit union members is strongly represented and will continue working closely with the NCUA to provide continued feedback on future rulemakings as the agency advances its regulatory modernization efforts,” said Stverak.
DCUC's letters:
- DCUC Comment Letter - Compensation in Connection with Loans to Members and Lines of Credit
- DCUC Comment Letter to NCUA Refund of Interest
- DCUC Comment Letter to NCUA re Statutory Liens
- DCUC Comment Letter to NCUA re Credit Union Service Contracts
- DCUC Comment Letter to NCUA re Credit Union Service Contracts
- DCUC Comment Letter to NCUA re Post Election Training for New Board Members