Emphasizing credit union priorities in Treasury’s FY27 budget

June 3, 2026

Treasury Secretary Scott Bessent will testify before the Senate Finance Committee on the agency’s FY27 budget today, and America’s Credit Unions wrote for the hearing’s record on several credit union priorities.

In addition to urging the committee to continue to protect the credit union tax status, America’s Credit Unions:

Urges Congress to ensure the Trump Account program preserves families' ability to hold these accounts at the financial institution of their choice, including credit unions;
Calls for full FY27 funding of $324 million for the Treasury’s Community Development Financial Institutions (CDFI) Fund, a grant program that allows CDFI credit unions to maximize impact of federal dollars; and
Supports $4 million in FY27 for NCUA’s Community Development Revolving Loan Fund.

The letter also reiterates America’s Credit Unions’ opposition to the General Services Administration’s (GSA) proposed changes to financial assistance certifications in the System for Award Management. The changes could negatively impact communities served by CDFI credit unions and through CDRLF grants.

Read the full letter