WASHINGTON–The Defense Credit Union Council said it continues to be an advocate on behalf of all credit unions, most recently by focusing on two initiatives focused on regulatory fairness and inclusion, respectively.
DCUC said it recently engaged with the U.S. Department of the Treasury’s Office of General Counsel on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and called for balanced regulation that “supports innovation in digital finance while maintaining safety and consumer protection.”
‘Indispensable Service’
“Credit unions continue to offer indispensable, not-for-profit financial services to Americans nationwide and ensure the financial well-being of all communities,” President and CEO Anthony Hernandez said in a statement. “As the Treasury looks to develop new rules for the digital economy, it’s imperative we advocate for fair, practical regulations that also recognize the impact credit unions have in advancing financial inclusion, stability, and opportunity for all.”
Added Chief Advocacy Officer Jason Stverak, “Our goal is to support an effective implementation of the GENIUS Act across the entire financial ecosystem, while still ensuring safety and soundness in both regulation and operations.”
DCUC said its recommendations to Treasury include tailored oversight, regulatory parity with banks and fintechs, uniform compliance standards, and strong consumer safeguards to ensure equitable participation in the digital financial system.
Feedback on FHFA Strategic Plan
In a separate letter, DCUC offered input to the Federal Housing Finance Agency (FHFA) on its proposed Strategic Plan for Fiscal Years 2026–2030. DCUC is calling on FHFA to reduce unnecessary regulatory burdens and ensure credit unions have fair access to the Federal Home Loan Bank (FHLBank) System.
“Credit unions are mission-driven institutions dedicated to helping all communities achieve financial stability and homeownership,” said Hernandez in a statement. “Expanding access to the FHLBank System and reducing regulatory barriers will empower credit unions to better serve military families and strengthen local economies.”
Added Stverak, “We appreciate Director Pulte’s dedication to improving housing access for all Americans. Including a focus on reducing unnecessary regulations within FHFA’s strategic goals will further ensure the FHLBank System remains an efficient, inclusive partner for credit unions nationwide.”
