NCUA Board Approves 11 Final Rules for Deregulation Project

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:

Surety and Guarantor Requirements - 12 CFR 701.20(c)(3) and 701.20(d)
Limits on Loan to Other Credit Unions - 12 CFR 701.25(b)
Service to Underserved Areas - IRPS 08-2
Community Chartering Policies - IRPS 10-1
Federal Corporate Credit Union Chartering - IRPS 11-02
Notice of Termination of Excess Insurance Coverage - 741.5
Disclosure of Share Insurance for Non-Member Shares - 12 CFR 741.10
Organization and Operation of Federal Credit Unions - IRPS 06-1
Eligible Obligations - 12 CFR 701.23
Credit Union Service Contracts - 12 CFR 701.26
Third Party Servicing of Indirect Vehicle Loans - 12 CFR 701.21(h)

"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/.