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NCUA Board briefed on four topics


The NCUA Board heard briefings on four topics during its meeting Thursday, including the status of the deregulation initiative, a clarification regarding existing rules applicable to brokered and reciprocal deposit arrangements, and the agency’s 2026-2030 Strategic Plan and 2026 Annual Performance Plan.  

Acting Director of the Office of Examination and Insurance Amanda Parkhill provided an overview of Phase 1 of the agency’s Deregulation Project, which focuses on targeted, technical changes to remove outdated or unnecessary requirements and improve clarity. The agency made it clear that the effort will likely continue into late 2026 or early 2027, evolving over time based on policy priorities and stakeholder input.  

NCUA General Counsel Frank Kressman briefed the board on brokered and reciprocal deposit arrangements and the NCUA’s FAQs on this topic. The briefing demonstrated how a brokered deposit network operates with respect to low-income designated (LID) FICUs and non-LID FICUs. The presentation affirmed these arrangements are permitted by the NCUA. Chairman Kyle Hauptman noted it was not the agency’s intention to act as gatekeeper to vendor products or business strategies if they are otherwise compliant with NCUA rules and applicable law.

Additional briefings on the 2026-2030 Strategic Plan and 2026 Annual Performance Plan clarified the objective and general timing of each process. On the Strategic Plan, Hauptman noted it continues efforts to modernize operations and improve efficiency with a focus on aligning structure, staffing, and priorities with the agency’s mission and evolving risks.  

America’s Credit Unions offered a number of suggestions to the board on how to craft the 2026-2030 Strategic Plan, with a focus on enhancing credit unions’ ability to serve members. 

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