Final rule. The NCUA Board (Board) is issuing a final rule adopting as final the revisions to the capital adequacy rule and the member business lending rule made under an interim final rule (IFR) published in the Federal Register on April 27, 2020.
AI Analysis
NCUA adopted without change the April 27, 2020 interim amendments addressing PPP loans and the Federal Reserve’s PPP Loan Facility, effective November 4, 2026. The rule makes permanent treatment that has already been carried forward into current regulations, so federally insured credit unions generally face no new compliance obligation; the practical significance is regulatory certainty for legacy PPP balances and facility-related capital calculations.
Key dates
2020-04-27
NCUA published the interim final rule establishing the PPP risk-weighting, PPP Loan Facility total-asset exclusion, and commercial-loan treatment.
2022-01-01
NCUA’s 2015 risk-based capital final rule became effective; the December 2021 final rule had already carried forward the relevant PPP treatment into the then-current capital adequacy framework.
2026-11-04
The final rule adopting the April 27, 2020 IFR without change becomes effective and is published at 91 FR 69493.
Suggested considerations
Compliance teams may wish to confirm that risk-based capital reporting continues to assign a 0 percent risk weight only to loans meeting the applicable SBA PPP eligibility and coverage criteria.
Credit unions that pledged PPP loans to the Federal Reserve PPP Loan Facility may wish to verify that the loans remain appropriately identified and excluded from total assets solely for the net worth ratio calculation under 12 CFR 702.2.
Regulatory reporting and finance teams may wish to reconcile PPP-loan classifications across the general ledger, capital calculations, Call Report processes, and supporting documentation.
Lending compliance teams may wish to confirm that qualifying PPP loans are not included as commercial loans for purposes of 12 CFR part 723, while other applicable lending, documentation, servicing, SBA-guarantee, and record-retention requirements remain separately addressed.
Credit unions may wish to retain evidence supporting SBA guarantees, facility pledges, non-recourse funding, and the basis for any regulatory capital exclusions, particularly where legacy PPP balances remain on the balance sheet.
Policy owners may wish to update regulatory inventories to identify the 2026 rule as a finalization of the 2020 IFR rather than as a new operational requirement.
What changed
Under 12 CFR part 702, covered loans issued under the SBA Paycheck Protection Program continue to receive a 0 percent risk weight for risk-based capital purposes. PPP loans pledged as collateral for a non-recourse borrowing through the Federal Reserve’s PPP Loan Facility continue to be excluded from total assets when calculating the net worth ratio under 12 CFR 702.2. Under 12 CFR part 723, PPP loans remain excluded from the definition of commercial loans.
Compliance impact
The impact is low for current operations because NCUA states that the provisions have been effective since April 2020 and do not change existing requirements or practices. The main consequence is continued favorable capital treatment: a 0 percent risk weight for qualifying PPP loans, exclusion of appropriately pledged PPP loans from total assets for the net worth ratio, and exclusion from the part 723 commercial-loan definition.
Interim final rule; request for comments. The NCUA Board (Board) is amending its regulations governing member business loans and commercial lending. This interim final rule eliminates an outdated, transitional provision that is no longer necessary. This action is necessary to reduce regulatory complexity and improve…
Why this matters
The document is an NCUA interim final rule (91 FR 69495) that removes and reserves § 723.9, a transitional provision covering pre-2017 waivers for borrowing relationship limits and ongoing enforcement constraints under part 723 (member business loans and commercial lending).
Final rule. On February 25, 2026, NCUA (or `agency') published a proposed rule to solicit comments on the removal of a provision of NCUA regulations regarding federal credit unions' (FCUs) statutory lien authority. Upon further consideration, and based on the comments received, the Board is issuing this final rule, as…
Why this matters
The document is a final rule (91 FR 69491) that removes paragraph 701.39(a)(1), the phrase 'except as otherwise provided by law or federal law,' from NCUA's statutory lien regulation and renumbers the remaining paragraphs.
Proposed rule. The NCUA Board (Board) solicits public comment on a proposal to streamline the methods a federally insured credit union (FICU) may use to provide its members with notice of share insurance coverage. The current regulation is overly prescriptive, mandating that a FICU make available hard copies of…
Why this matters
The text is a web-access notice from the Federal Register/eCFR sites, not a consultation. It asks flagged users to complete a CAPTCHA, points to the developer APIs, and directs IP-range requests to a help form.
Proposed rule. The NCUA Board (Board) is proposing to amend its regulations governing the requirements for federal share insurance. This action would remove the requirement for federally insured, state-chartered credit unions to establish a special reserve for certain investments that are beyond those authorized for…
Why this matters
The publication type is set by the regulator as consultation. The body is a Federal Register/eCFR scraping-block and CAPTCHA page, not the consultation text, so no deadline, obligations, or proposed provisions can be confirmed.
Proposed rule. The NCUA Board (Board) solicits public comment on a proposal to remove a regulatory provision regarding the process for maintaining federal share insurance following the conversion of a federal credit union (FCU) to a state charter. The provision is unnecessarily duplicative of a similar provision…
Why this matters
The regulator sets the publication type as consultation and the title identifies a charter-conversion subject, which supports Banking & Credit, Authorisation & Licensing, and Credit Union.
Proposed rule. The NCUA Board (Board) is proposing to adopt as final the revisions to the Central Liquidity Facility (CLF) rule made under two interim final rules (IFRs) published in the Federal Register on April 29, 2020, and March 24, 2021. The proposal would adopt the amendments made by these IFRs and, where…
Why this matters
The content_type follows the regulator-set publication type ('consultation'), but the body is a bot-detection and CAPTCHA notice from FederalRegister.gov/eCFR.gov rather than the consultation itself, so the text does not verify that classification. No sector or topic is supported by the text, so 'General' is used.
Proposed rule. The NCUA Board (Board) is proposing to amend the NCUA's regulations regarding incidental powers to clarify that federal credit unions (FCUs) are not required to seek an advisory opinion from the NCUA's Office of General Counsel before petitioning the Board to engage in an activity that does not fall…
Why this matters
The regulator-set publication type is 'consultation', and the title 'Powers of Federal Credit Unions' supports the Banking & Credit sector and the Credit Union firm type.
Proposed rule. The NCUA Board (Board) seeks comment on proposed amendments to its regulations governing fidelity bond and insurance coverage for federally insured credit unions (FICUs). The proposed rule would eliminate certain prescriptive procedural mandates and simplify requirements for coverage amounts and…
AI Analysis
NCUA published a proposed deregulatory rule on October 15, 2026, to amend 12 CFR parts 704 and 713 governing fidelity bond and insurance coverage for federally insured credit unions and corporate credit unions. The proposal would remove or simplify procedures for purchasing and renewing bonds, approval of bond forms, coverage amounts, and deductibles, while retaining the core obligation to maintain adequate coverage and the NCUA's oversight role.
Key dates
2026-10-15
The proposed rule is published in the Federal Register.
2026-12-14 Deadline
Public comments on the proposed amendments to 12 CFR parts 704 and 713 are due.
Suggested considerations
Compliance teams may wish to review the proposal against existing policies and procedures under 12 CFR 704.18, 12 CFR 713, and 12 CFR 741.201, distinguishing provisions that would be removed from obligations that would remain.
Credit unions should continue to maintain existing fidelity-bond coverage, deductibles, renewal processes, and NCUA-related approvals unless and until a final rule becomes effective.
Boards and management may wish to assess whether current coverage remains adequate for fraud, dishonesty, theft, burglary, robbery, and other covered losses, and preserve documentation supporting the required board review.
Credit unions and insurers may wish to evaluate whether the proposed flexibility in coverage amounts and deductibles affects policy terms, underwriting, renewal timing, or internal risk assessments.
Interested parties may wish to submit comments by December 14, 2026, addressing the proposed treatment of coverage calculations, deductibles, bond forms, purchase and renewal procedures, and any transition or implementation concerns.
What changed
The proposal would amend 12 CFR part 713 and related corporate-credit-union requirements in 12 CFR 704.18 by eliminating or modifying prescriptive procedural requirements concerning fidelity-bond purchases and renewals, simplifying the rules governing coverage amounts and deductibles, and removing outdated requirements. The proposal would preserve the requirement that a federally insured credit union maintain adequate fidelity-bond coverage against losses involving fraud, dishonesty, theft, and other covered risks.
Compliance impact
The immediate compliance impact is low because the publication is a proposed rule and does not alter currently binding requirements. If finalized, the amendments could reduce administrative burden and provide greater flexibility in bond selection, coverage amounts, and deductibles, but credit unions would still need adequate coverage, board-level oversight, and compliance with NCUA-approved bond-form requirements.
Final rule. The NCUA Board (Board) is issuing this rule to remove the regulations related to approval and policies on making loans to other credit unions. While this provision will no longer be codified in regulation, federal credit unions remain subject to statutory requirements related to making loans to credit…
AI Analysis
NCUA finalized a deregulatory rule that removes 12 CFR 701.25(b), eliminating the regulatory requirement that a federal credit union’s board approve all loans to other credit unions and adopt a separate written policy for those loans. The rule is effective on 2026-09-08 and matters because it reduces formal compliance burden while leaving the underlying statutory loan limits and other § 701.25 requirements in place.
Key dates
2025-12-29
NCUA published the proposed rule to remove 12 CFR 701.25(b)
2026-02-27 Deadline
Public comment period closed
2026-08-06
Final rule published in the Federal Register at 91 FR 50664
2026-09-08 Deadline
Final rule becomes effective and 12 CFR 701.25(b) is removed
Suggested considerations
Compliance teams may wish to confirm that internal lending policies still reflect the remaining limits in 12 CFR 701.25(a) and any other applicable provisions, even though the separate policy requirement in paragraph (b) has been removed.
Boards may wish to review whether any internal approval process for loans to other credit unions remains desirable as a governance control, particularly where state law, bylaws, or enterprise risk practices still support formal approval.
State-chartered credit unions may wish to verify whether state law or state supervisory expectations still require board approval or written policies for loans to other credit unions.
Monitoring teams may wish to update regulatory inventories, policy cross-references, and exam prep materials to reflect that 12 CFR 701.25(b) is no longer codified effective 2026-09-08.
Training and procedure documents may wish to distinguish between the removed board-policy requirement and the continuing statutory and regulatory loan limits that still apply.
What changed
The final rule removes the documentation requirement in 12 CFR 701.25(b) that required board approval of all loans to other credit unions and written policies governing those loans. NCUA states that federal credit unions remain subject to statutory requirements on loans to credit unions, and the remaining limits and requirements in § 701.25 continue to apply. The rule does not change the aggregate loan limit in § 701.25(a), which remains 25% of the lending federal credit union’s paid-in and unimpaired capital and surplus.
Compliance impact
The immediate compliance impact is moderate: NCUA is removing a procedural and governance requirement, which should reduce documentation burden. The regulator is explicit, however, that the substantive lending limits and other requirements remain in force, so failure to maintain controls around the unchanged statutory and regulatory limits could still create supervisory issues.
Final rule. The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 08-2. The Chartering and Field of Membership Manual (Chartering Manual) incorporates the current requirements for adding underserved areas, making IRPS 08-2 unnecessary. This rescission reduces the burden for federal…
Why this matters
The final rule rescinds IRPS 08-2, an interpretive ruling on chartering and field of membership for federal credit unions. The substantive requirements for underserved areas are already incorporated into the Chartering Manual (12 CFR Part 701, Appendix B), making this a streamlining action that reduces compliance...
Final rule. This final rule streamlines the NCUA Board (Board)'s regulations governing the purchase, sale, and pledge of eligible obligations. Specifically, the final rule removes the prescriptive lists of items that must be addressed in the written policies adopted by a federal credit union (FCU). Removal of the…
AI Analysis
NCUA issued a final rule amending 12 CFR 701.23 to make FCU policies for purchasing, selling, and pledging eligible obligations more principles-based and less prescriptive. The rule also removes detailed conflicts-of-interest and compensation provisions and makes a conforming cross-reference change in 12 CFR 746.201(c), with an effective date of 2026-09-08.
Key dates
2026-02-25
NCUA published the proposed rule for public comment.
2026-04-27
Public comment period closed after NCUA received 15 comments.
2026-08-06
NCUA published the final rule in the Federal Register at 91 FR 50680.
2026-09-08 Deadline
Final rule becomes effective.
Suggested considerations
Compliance teams may wish to review and update FCU written policies for purchases, sales, and pledges of eligible obligations so they no longer mirror the removed prescriptive checklist and instead reflect the board’s own risk-based framework.
Credit unions may wish to confirm that internal governance documents still address conflicts of interest and compensation consistently with bylaws and fiduciary-duty expectations, even though the detailed regulatory text has been removed.
Firms should consider updating any procedures, training materials, and control inventories that reference the old paragraph structure or the former 12 CFR 701.23(h) cross-reference.
Compliance teams may wish to validate that transaction approval, due diligence, documentation, and agreement-review processes continue to be embedded in policy at a level appropriate to the institution’s risk profile, even though the rule is less prescriptive.
Federal credit unions may wish to brief boards and relevant committees on the shift from a checklist-based rule to a principles-based framework so governance oversight remains aligned with supervisory expectations.
What changed
['The rule removes the mandated lists of items that FCU written policies must address for purchases, sales, and pledges of eligible obligations under 12 CFR 701.23(b)(6), (c), and (d). FCUs still must maintain written policies for these activities, but the regulation no longer prescribes a detailed checklist of required policy contents.', 'The rule removes the detailed conflicts-of-interest and compensation provision formerly in 12 CFR 701.23(g).
Compliance impact
The regulatory burden is reduced because FCUs no longer have to fit their written policies into a detailed mandatory checklist for eligible-obligation transactions. NCUA nevertheless expects FCUs to keep written policies, operate safely and soundly, and remain subject to bylaws-based conflict-of-interest limits and fiduciary duties, so institutions will still need governance, documentation, and supervisory controls.
Final rule. The NCUA Board (Board) is issuing a final rule removing NCUA's unnecessarily prescriptive regulation regarding third-party servicing of indirect vehicle loans. This action will reduce regulatory burden and provide federally insured credit unions (FICUs) with greater operational flexibility, consistent with…
AI Analysis
The NCUA issued a final rule removing the prescriptive limits in 12 CFR 701.21(h) that had capped purchases of indirect vehicle loans serviced by a third party at 50% of net worth, rising to 100% after 30 months with the same servicer. The agency says the change reduces regulatory burden and gives credit union boards greater flexibility, while leaving prudential oversight to board policies and the examination process.
Key dates
2026-03-25
NCUA issued the proposed rule to remove the prescriptive requirements
2026-05-26 Deadline
Public comment period closed
2026-08-06
Final rule was published in the Federal Register at 91 FR 50677
2026-09-08 Deadline
Final rule becomes effective
Suggested considerations
Compliance teams may wish to review current indirect vehicle lending policies to confirm they no longer reference the removed 50% and 100% net-worth limits.
Boards may wish to document a board-approved risk appetite and concentration framework for third-party serviced indirect vehicle loans.
Credit unions may wish to align vendor oversight, due diligence, and servicing controls with their internal policies since the prior waiver pathway is no longer the operative framework.
State-chartered federally insured credit unions may wish to verify any conforming updates needed to insurance-related procedures and governance materials.
Compliance functions may wish to update training, policy manuals, and examination binders to reflect that supervision will now focus on principles-based oversight rather than the deleted rule text.
What changed
The final rule removes 12 CFR 701.21(h) in full, eliminating the existing concentration limits, the 30-month step-up to a higher limit, the waiver process to a Regional Director, the related response timeline, and the embedded definition framework tied to that paragraph. NCUA also states that it removed the parallel requirement in 12 CFR 741.203(c) and the related citation in 12 CFR 746.201(c), as part of the same deregulatory package.
Compliance impact
This is a meaningful deregulatory change for credit unions that purchase indirect vehicle loans serviced by third parties because it removes a binding concentration cap and waiver process. The regulator describes the prior framework as unduly burdensome and says ongoing compliance consequences will now flow mainly through board governance, internal controls, and examination findings if safety-and-soundness expectations are not met.
Final action. The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 06-1. The Chartering and Field of Membership Manual (Chartering Manual) incorporates the current requirements for adding underserved areas, making IRPS 06-1 unnecessary. This rescission reduces the burden for federal…
Why this matters
The final rule rescinds IRPS 06-1 on chartering and field of membership for federal credit unions because its content has been incorporated into the Chartering Manual (12 CFR Part 701, Appendix B).
Final rule. The NCUA Board (Board) is amending its regulations to eliminate prescriptive segregated deposit and collateral requirements for suretyship and guaranty agreements. By removing these requirements, the Board is authorizing federally insured credit unions (FICUs) acting as sureties and guarantors to design…
AI Analysis
NCUA finalized a rule amending 12 CFR 701.20 to remove the prescriptive segregated deposit and collateral requirements for suretyship and guaranty agreements. The rule is intended to reduce compliance burden and give federally insured credit unions more flexibility, while keeping the core safety-and-soundness limits that the obligation must be fixed in amount and duration and must create a permissible loan under the applicable lending rules.
Key dates
2026-08-06
Federal Register publication of the final rule at 91 FR 50661
2026-09-08 Deadline
Final rule becomes effective
Suggested considerations
Compliance teams may wish to update policies, procedures, and product templates that still reference the former segregated deposit and collateral formulas in 12 CFR 701.20.
Institutions may wish to review surety and guaranty programs to ensure the obligation remains fixed in amount and duration and is structured as an otherwise permissible loan under the applicable lending regulations.
FCUs may wish to confirm that any related lending analysis still addresses member lending limits and other applicable provisions, including where commercial lending rules apply.
FISCUs may wish to confirm continued state-law authority to act as surety or guarantor and verify any state-specific constraints or approvals before offering these arrangements.
Risk and compliance functions may wish to reassess collateral practices for these products in light of the new flexibility while preserving safety-and-soundness controls.
What changed
The final rule deletes the specific segregated deposit requirement in 12 CFR 701.20(c)(3) for suretyship and guaranty agreements. It also removes the detailed collateral standards in 12 CFR 701.20(d), including the prior 100 percent and 110 percent collateral categories and the requirement for a perfected security interest tied to those prescribed values.
Compliance impact
NCUA describes the change as a reduction in unnecessary complexity and compliance burden, while maintaining safety-and-soundness constraints through the fixed-amount, fixed-duration, and lending-compliance requirements. The practical consequence is greater product-design flexibility for credit unions, but no relaxation of the underlying obligation to treat these arrangements as permissible lending activities under the applicable rules.
Final rule. The NCUA Board (Board) is amending its regulations that establish the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund (Share Insurance Fund). The provisions of this part apply to all federally insured credit unions (FICUs). This final…
Why this matters
This is a deregulatory final rule (effective 09/08/2026) that amends 12 CFR 741.5 to replace a specific 30-day prior notice requirement with a more flexible 'before termination' standard for notifying members of excess insurance coverage termination.
Final action. The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 10-1. The Chartering and Field of Membership Manual (Chartering Manual) incorporates NCUA's current chartering requirements for federal credit unions (FCUs), making IRPS 10-1 unnecessary. This rescission reduces the…
Why this matters
The final rule rescinds IRPS 10-1, an interpretive ruling that had become duplicative of requirements already codified in the Chartering Manual (12 CFR Part 701, Appendix B).
Final rule. The NCUA Board (Board) is amending its regulations that establish the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund (Share Insurance Fund). The provisions of this part apply to all federally insured credit unions (FICUs). The rule…
Why this matters
This is a deregulatory final rule by NCUA that removes duplicative disclosure requirements for nonmember account notifications from 12 CFR 741.10. The rule affects federally insured state-chartered credit unions (FISCUs) specifically.
Final action. The NCUA Board (Board) is issuing this action to rescind its Interpretive Ruling and Policy Statement (IRPS) 11-02, which addresses chartering corporate credit unions, because it is redundant to the Federal Corporate Credit Union Chartering Manual. This action eliminates potential confusion.
Why this matters
The final rule rescinds an Interpretive Ruling and Policy Statement (IRPS 11-02) issued by NCUA in 2011 regarding federal corporate credit union chartering. The rescission eliminates redundancy by consolidating guidance into the Federal Corporate Credit Union Chartering Manual.
Final rule. The NCUA Board (Board) is revising its regulations governing the organization and operation of federal credit unions (FCUs) by eliminating a provision related to credit union service contracts. The Board intends to reduce administrative costs and compliance complexity with this revision, enabling FCUs to…
AI Analysis
The NCUA finalized a deregulatory rule that removes 12 CFR 701.26, the section governing FCU credit union service contracts, and aligns part 721 to clarify FCU authority in shared operational arrangements. The rule is intended to reduce administrative burden and compliance complexity while the agency says existing expectations for written contracts, vendor oversight, and safe-and-sound third-party risk management remain unchanged.
Key dates
2026-02-25
NCUA issued the proposed rule removing 12 CFR 701.26; public comments were invited through April 27, 2026
2026-04-27 Deadline
Public comment deadline on the proposal
2026-08-06
Final rule published in the Federal Register at 91 FR 50674
2026-09-08 Deadline
Final rule becomes effective
Suggested considerations
Compliance teams may wish to remove references to 12 CFR 701.26 from policies, procedures, and training materials once the rule is effective.
Firms should consider confirming that contract templates still include written terms addressing audit rights, information security, business continuity, indemnification, performance metrics, data ownership and return, termination, and dispute resolution.
Credit unions involved in shared operational arrangements may wish to review whether documentation now reflects the updated clarification in 12 CFR 721.3.
Firms may wish to confirm that third-party risk management, vendor oversight, and due diligence controls remain aligned with existing supervisory expectations despite the regulatory deletion.
What changed
The final rule rescinds 12 CFR 701.26, which had addressed FCU authority to enter written contracts for assets or services relating to daily operations and required those agreements to be in writing. NCUA states that the contractual authority already exists under the FCU Act and incidental powers authority, so the regulation was redundant. The Board also amended 12 CFR 721.3 to formally clarify that credit unions may act as representatives in shared operational arrangements with other credit unions or organizations, and that fixed assets may be shared.
Compliance impact
The practical impact is moderate: the rule removes a prescriptive regulatory citation but does not eliminate the underlying authority or supervisory expectations around written contracts and vendor oversight. NCUA says the change should lower administrative costs and complexity, while poor third-party risk management could still draw supervisory concern under existing safety-and-soundness expectations.