DCUC Latest Accomplishments

• Hired a California lobbyist to lead our efforts in California and throughout the country in reworking recent state-level military restrictions on GAP purchases (e.g., SB 1311)

Working closely with Credit Union Leagues and Associations around the country on California’s new restrictions on Military lending—affects Direct and Indirect Lenders

High potential for similar restrictions in other states despite DoD rescinding its interpretive guidance (QA #2) in late 2018

• Sent a letter to the House Financial Service Committee and Senate Banking Committee highlighting our concerns with new CDFI Target Market Assessment Methodologies

• Added our voice to regulatory concerns regarding AAFES contracting a cash recycler (5/3 Bank) in lieu of seeking services from an approved on-base financial institution

• Sent a letter to Congress in support of extension of Central Liquidity Facility in Omnibus Spending Bill (measure did not pass)

DCUC will continue to highlight the need for emergency liquidity for the smallest credit unions as our nation faces growing economic uncertainty, a high interest rate environment, and rising liquidity concerns