Episode Details

www.marktreichel.com

https://www.linkedin.com/in/mark-treichel/

NCUA Announces Deregulation Project and First Round of Proposed Regulatory Changes

Stakeholders Are Encouraged to Review Notice of Proposed Rulemaking and Submit Comments

ALEXANDRIA, VA (December 10, 2025) – The National Credit Union Administration today announced the first round of proposed regulatory changes associated with a new initiative to review and potentially revise the agency’s regulations. This initiative, NCUA’s Deregulation Project, follows
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Executive Order 14192, Unleashing Prosperity Through Deregulation
(Opens new window).

NCUA’s Deregulation Project will involve a comprehensive review of regulations documented in Title 12, Chapter VII of the Code of Federal Regulations. This review will ensure the regulations are focused on the safety, soundness, or resilience of credit unions. Further, NCUA will propose changing or removing regulations that are:

• Obsolete;
• Duplicative of statutory requirements;
• Intended to serve as guidance, not requirements; or
• Overly burdensome.

In addition to announcing the project, NCUA is requesting comments on four proposals that would clarify agency guidance or eliminate unduly burdensome or obsolete requirements in
This is an external link to a website belonging to another federal agency, private organization, or commercial entity.the Federal Register
(Opens new window).

The four proposals include:

• Changes for Corporate Credit Unions – 12 CFR 704.8 and 704.15
  • NCUA is proposing to amend its regulations for corporate credit unions by removing the requirement that a corporate credit union’s asset and liability management committee (ALCO) must have at least one member who is also a member of the corporate credit union’s board of directors.
  • For more information on this proposal, please see:
    This is an external link to a website belonging to another federal agency, private organization, or commercial entity.https://www.federalregister.gov/public-inspection/2025-22487/corporate-credit-unions
    (Opens new window)
• Changes for Supervisory Committee Audits and Verifications – 12 CFR 715
  • NCUA is proposing to amend its regulations governing supervisory committee audits to eliminate unnecessary, redundant, and overly prescriptive provisions.
  • For more information on this proposal, please see:
    This is an external link to a website belonging to another federal agency, private organization, or commercial entity.https://www.federalregister.gov/public-inspection/2025-22488/supervisory-committee-audits-and-verifications
    (Opens new window)
• Changes for Guidelines for Safeguarding Member Information – 12 CFR 748 Appendix A
  • NCUA is proposing to remove Appendix A to part 748, guidelines for safeguarding member information, from the Code of Federal Regulations.
  • For more information on