Comments on Deregulation Project Proposals Due Feb. 9

The NCUA Board is requesting comments on the first round of proposed regulatory changes under the NCUA Deregulation Project. The comment period ends on February 9, 2026, at 11:59 p.m. Eastern.

The proposals would clarify agency guidance or remove unnecessary, redundant, overly prescriptive, or unduly burdensome requirements in the Code of Federal Regulations, including:

• 12 CFR 704.8 and 704.15, Corporate Credit Unions — Removes the requirement that a corporate credit union’s asset and liability management committee include a board member and removes certain annual report and independent public accountant filing and notification requirements.
• 12 CFR 715, Supervisory Committee Audits and Verifications — Streamlines supervisory committee audit requirements by removing outdated or duplicative provisions and reducing prescriptive language.
• 12 CFR 748 Appendix A, Guidelines for Safeguarding Member Information — Removes Appendix A from the CFR and publishes its contents as guidance (e.g., a Letter to Credit Unions).
• 12 CFR 748 Appendix B, Guidance on Response Programs for Unauthorized Access to Member Information and Member Notice — Removes Appendix B from the CFR and publishes its contents as guidance.

See more here.

Comments on Deregulation Project Proposals

Due Feb. 27

The NCUA Board is requesting comments on the second round of proposed regulatory changes under the NCUA Deregulation Project. The comment period ends on February 27, 2026, at 11:59 p.m. Eastern.

The proposals would clarify agency guidance or remove unnecessary, redundant, overly prescriptive, obsolete, or unduly burdensome requirements in the Code of Federal Regulations, including:

• 12 CFR 701.20(c)(3) and 701.20(d), Surety and Guarantor Requirements — Removes segregated deposit and collateral requirements for suretyship and guaranty agreements to provide federally insured credit unions flexibility while maintaining safety and soundness.
• 12 CFR 701.25(b), Limits on Loans to Other Credit Unions — Removes a duplicative, overly prescriptive requirement for credit unions to maintain a separate policy for lending to other credit unions, reducing administrative burden.
• 12 CFR 740.0 and 740.5, Accuracy of Advertising and Notice of Insured Status — Streamlines advertising requirements by removing obsolete, overly prescriptive provisions related to the official advertising statement while preserving core requirements that credit union advertising be accurate and truthful.
• 12 CFR 748.1(b), Catastrophic Act Reporting — Modernizes catastrophic act reporting by updating the recipient of the report, extending the reporting window to 15 calendar days, and clarifying the basic facts to be reported.

See more here. 

Comments on Deregulation Project Proposals Due March 16

The National Credit Union Administration today announced the third round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure regulations are focused on credit unions’ safety, soundness, and resilience. The agency is focused on removing or revising regulations that are: obsolete; overly burdensome; duplicative of other requirements; or guidance.

With today’s announcement, NCUA is requesting comments on four proposals that would clarify agency guidance or eliminate unduly burdensome or obsolete requirements in the Code of Federal Regulations.

The four proposals include:

Changes for Nondiscrimination Requirements – 12 CFR 701.31

• The Board proposes to remove This is an external link to a website belonging to another federal agency, private organization, or commercial entity. 12 CFR 701.31(Opens new window) . NCUA will no longer attempt to summarize requirements more appropriately issued by other agencies.
• Impact on Credit Unions: This does not change credit unions’ compliance obligations regarding the FHA and ECOA, but it should lessen any confusion caused by 701.31 which has not kept pace with current law.
• For more information on this proposal, please see: https://www.federalregister.gov/documents/2026/01/14/2026-00591/nondiscrimination-requirements

Changes for Interpretive Ruling and Policy Statement (IRPS) 08-2 Service to Underserved Areas

• The Board proposes to eliminate Interpretive Ruling and Policy Statement 08-2.
• Impact on Credit Unions: This change would eliminate a redundant standard currently listed in more than one area. This would ease the compliance burden on FCUs by limiting the number of sources that FCUs must check to ensure compliance with applicable chartering and FOM requirements.
• For more information on this proposal, please see: https://www.federalregister.gov/documents/2026/01/14/2026-00592/chartering-and-field-of-membership-for-federal-credit-unions-interpretive-rulings-and-policy

Changes for Interpretive Ruling and Policy Statement (IRPS) 10-1 Community Chartering Policies

• The Board proposes to eliminate its Interpretive Ruling and Policy Statement 10-1.
• Impact on Credit Unions: This change would eliminate a redundant standard currently listed in more than one area. This would ease the compliance burden on FCUs by limiting the number of sources that FCUs must check to ensure compliance with applicable community chartering and FOM requirements.
• For more information on this proposal, please see: https://www.federalregister.gov/documents/2026/01/14/2026-00594/chartering-and-field-of-membership-for-federal-credit-unions-interpretive-rulings-and-policy

Changes for Interpretive Ruling and Policy Statement (IRPS) 11-2 Federal Corporate Credit Union Chartering

• The Board proposes rescinding Interpretive Ruling and Policy Statement 11-02.
• Impact on Credit Unions: This proposed rescission would remove guidance regarding procedures and timelines for chartering federal corporate credit unions. This would reduce the regulatory burden by limiting the sources that FCUs must check when chartering a new corporate credit union ensuring all they would need to comply with is the guidance and procedures in the Federal Corporate Credit Union Chartering Manual.
• For more information on this proposal, please see: https://www.federalregister.gov/documents/2026/01/14/2026-00595/corporate-credit-unions

NCUA Supervisory Priorities for 2026 under Chairman Kyle Hauptman include:

• Balance Sheet Management. Regarding lending, sensitivity to market risk and liquidity, earnings and capital adequacy.
• Operational Risk Management. Including payment systems and fraud prevention and detection.
• Compliance Risk Management. BSA compliance and AML/Countering the Financing of Terrorism (CFT) programs.

Details are available at NCUA.gov. Feedback or questions concerning the 2026 supervisory priorities should be directed to your NCUA examiner, regional office or AskNCUA.