WASHINGTON– The Defense Credit Union Council is calling for a follow-up industry-wide strategy meeting as the credit union movement prepares for a pivotal month of legislative action.
As CUToday.info reported, DCUC held a virtual meeting on April 21 that addressed the state of the credit union system following the shake-up at NCUA and action steps that need to be taken to make sure credit unions prosper in this period of uncertainty--with much of that centering on preserving credit unions’ tax-exempt status. The second meeting has been set for April 30 at noon ET.
“With major issues on the horizon—including the potential threat to the credit union tax status, concerns surrounding the NCUA’s independence, interchange proposals, and more—DCUC recognizes the urgent need for coordinated and collaborative advocacy,” the trade group said.
“This is not a time for panic—but it is a time for unity,” said Anthony Hernandez, DCUC president/CEO. “We must mobilize with purpose and precision. The decisions made in the coming weeks will shape the future of our industry for years to come.”
“This moment demands our full attention and collective action,” said Jason Stverak, chief advocacy officer at DCUC. “Our strength lies in our unity, and now is the time to ensure that every voice in the credit union movement is heard—on the Hill, in the media, and in every community we serve.”
Congress returns next week, with markup of a major tax bill—including potential offsets—scheduled for next three weeks. DCUC said it is calling on credit union leaders, leagues, and strategic partners across the movement to engage now and “join with their voices to defend the cooperative credit union model, mission, and impact.”
Monday’s virtual conference brought together key leaders and advocates across the credit union space, with DCUC inviting ACU, NASCUS, NACUC, NACUMA, NACUSO, WOCCU, NCUF, AACUC, MACUMA, Backbone Communications, and many others.
“The credit union coalition discussed recent research and advocacy strategies aimed at protecting not-for-profit credit unions and highlighting their value to America’s communities—particularly underserved, rural populations and military families,” DCUC said.
“There is more happening beneath the surface,” added Hernandez. “Several credit union leagues will be in D.C. next week for in-person meetings on Capitol Hill. This is the time to amplify the credit union story and ensure our message is front and center.”
“At this inflection point, DCUC urges all industry partners and advocates to take action. This is not just about defending against policy threats—it’s about shaping a future where credit unions continue to provide accessible, affordable financial services to those who need them most,” DCUC said.