Ongoing support for credit union priorities in Treasury budget

June 4, 2026

Following yesterday’s appearance before a Senate Committee, Treasury Secretary Scott Bessent will appear before the House Ways and Means Committee today on the agency’s FY27 budget. America’s Credit Unions supports full FY27 funding amounts for several credit union priorities and detailed those in the letter.

Those funds include:

  • $324 million for the Community Development Financial Institutions (CDFI) Fund. The House Appropriations Committee-passed Financial Services and General Government (FSGG) bill contains $276.6 million;
  • $4 million for NCUA’s Community Development Revolving Loan Fund. The House committee-passed FSGG bill contains $3.4 million.

Deployment of these funds are jeopardized by proposed changes to General Services Administration’s financial assistance certifications, the letter notes, and America’s Credit Unions continues to strongly oppose them.

The letter also 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.  

America’s Credit Unions sent a similar letter to the Senate Finance Committee prior to Bessent’s Wednesday testimony.

Read the full letter