RECAP, DCUC Weekly Press Call & Recent Letters: House FSC, House SBA, House Appropriations Subcommittee

Highlights from DCUC Press Call for July 21, 2025
Today, DCUC covered several major legislative and regulatory developments impacting credit unions, specifically pertaining to the National Defense Authorization Act (NDAA), CDFI Funding, and our recent advocacy letters.
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NDAA & Financial Services Legislation:
The House has committed to including Rep. Emmer’s anti-CBDC language in its version of the National Defense Authorization Act (NDAA).
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This inclusion raises the likelihood of floor votes on other controversial amendments, including the Durbin-Hawley-Sanders rate cap legislation. DCUC continues to strongly oppose the CCCA and similar poison-pill amendments.

NDAA Timing & Senate Recess:
Despite early talk of an accelerated NDAA schedule, it appears Senate leadership will focus on nominations and appropriations bills this week.
    - This further delays NDAA progress and contributes to ongoing uncertainty around broader government funding.
Government Shutdown Risk:
With no full-year funding deal in place and Sept. 30 approaching, a government shutdown is increasingly likely. A continuing resolution (CR) may be harder to pass this year. We are urging credit unions to prepare early—especially those serving federal employees and contractors.

CDFI Funding:
The House Appropriations FSGG Subcommittee is marking up its bill today, with $275–$276 million proposed for CDFI funding—down from last year’s $330 million, but a positive step up from zero. *See DCUC's letter to House Appropriations Committee here.
    - This reflects strong advocacy and local support from credit unions. We’ll continue pushing for full funding given the program’s demonstrated impact in underserved communities. 

Disaster Relief Role of Credit Unions:
DCUC reminds that credit unions, especially defense credit unions, provide long-term support in disaster recovery—well beyond the initial response.
    - We’re working to highlight this ongoing role in upcoming hearings and media efforts.

Recent Letters & Outreach: *Please see attached DCUC's press release summarizing this morning's letters—letters are linked within the doc and live on our site.
We will continue to provide updates as new developments unfold and ensure that the voices of our member credit unions remain front and center in these discussions.

Event Announcements (dcuc.org/events)
DCUC Annual Conference, July 28 – August 1, 2025 | Palm Desert, CA... The Countdown is On!

• We’re officially one week out on our most anticipated event of the year! 

This year's conference is going to be super impactful not just for credit union leaders, CEOs and Execs, but their staff, our young and eager industry professionals, fellow trade advocates and partners! 

We've secured engaging keynote speakers, special guest speakers and thought-leaders, credit union pioneers, and inspiring, relevant, and empowering sponsor-led breakouts! Registration and full program details can be found at dcucannual.org