Alexandria, VA (August 5, 2026) ― The National Credit Union Administration (NCUA) today finalized eleven rules that were proposed for changes through the Deregulation Project.
This is the first round of final rules from the ongoing Deregulation Project which is an initiative to review NCUA’s regulations and ensure they are focused on credit unions’ safety, soundness, and resilience.
The final rules include:
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Surety and Guarantor Requirements – 12 CFR 701.20(c)(3) and 701.20(d)(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Limits on Loan to Other Credit Unions – 12 CFR 701.25(b)(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Service to Underserved Areas – IRPS 08-2(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Community Chartering Policies – IRPS 10-1(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Federal Corporate Credit Union Chartering – IRPS 11-02(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Notice of Termination of Excess Insurance Coverage – 741.5(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Disclosure of Share Insurance for Non-Member Shares – 12 CFR 741.10(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Organization and Operation of Federal Credit Unions – IRPS 06-1(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Eligible Obligations – 12 CFR 701.23(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Credit Union Service Contracts – 12 CFR 701.26(Opens new window)
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Third Party Servicing of Indirect Vehicle Loans – 12 CFR 701.21(h)(Opens new window)
“With today’s announcement, we are moving forward on our commitment to removing regulations that are obsolete, burdensome, duplicative, or simply guidance that has no place in regulation” said Chairman Kyle Hauptman. “Our goal is to make it easier for credit unions to serve their members, meet compliance requirements, and stay innovative. These final rules and those that come after will give credit unions the flexibility to do just that.”
The final rules are effective 30 days from the date of publication in the Federal Register and take into consideration public comments received from each proposed rule.
Find a detailed summary for each final rule at https://ncua.gov/news/deregulation-project/.
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