Recent NCUA News & Updates

NCUA’s 2026 Supervisory Priorities

This outlines NCUA’s supervisory priorities and other 2026 examination program updates. Our priorities focus on areas posing the highest risk to credit union members, the credit union industry, and the National Credit Union Share Insurance Fund (Share Insurance Fund). Consistent with the agency’s No Regulation-by-Enforcement policy, this letter is meant to assist credit unions as they plan for this year.

In 2025, the agency reexamined how we carry out our mission, laying the foundation for improved efficiency by reducing burdensome work for both credit unions and NCUA staff. Moving forward, the agency will be focused on creating a more efficient and tailored examination program as well as continued implementation of Presidential executive orders and other laws, including the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (P.L. 119-27).

NCUA will continue conducting defined scope exams in most federal credit unions with assets of $50 million or less, and risk-focused exam procedures for all other credit unions. The priorities described below are meant to provide credit unions with insight into the general focus of NCUA examinations. NCUA examiners are expected to shift the areas of supervisory focus based on a credit union’s risk profile when appropriate.

The agency will continue to enforce all laws and regulations applicable to credit unions, such as those related to consumer financial protection and information security. NCUA examiners will continue to focus on areas of risk where and when needed.

Click here to read more.

NCUA Announces Third Round of Deregulation Proposals
Stakeholders Are Encouraged to Review Notice of Proposed Rulemakings and Submit Comments

January 13, 2026 – 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

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

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

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

Click here to read more.

NCUA Announces Second Round of Deregulation Proposals

December 23, 2025 – The National Credit Union Administration today announced the second round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure that 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:

NCUA Announces Deregulation Project and First Round of Proposed Regulatory Changes

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 the Federal Register.

Click here to read more

UPDATE: NCUA Announces New Date for Public Budget Hearing: Agency Requests Comments about Draft Budget

October 24, 2025 – The National Credit Union Administration has announced a new date for its public hearing on the staff draft budget for 2026-2027. The public hearing will be held on November 5, 2025, at 1:00 p.m. Eastern at NCUA headquarters in Alexandria, Virginia. NCUA also noticed the budget hearing in the Federal Register. 

The NCUA published the 2026–2027 staff draft budget in the Federal Register on September 29, 2025. The deadline for written comments on the staff draft budget has been extended until November 7, 2025. The proposed budget can be found on the Budget and Supplementary Materials page on NCUA’s website. 

The public budget hearing will be live-streamed on NCUA’s webpage on November 5, 2025. 

To appear in person at the public hearing on November 5, 2025:

  • Interested parties must email their request to [email protected] by October 30, 2025. The email must include the requester’s name, title, affiliation, mailing address, email address, and telephone number.
    • The email must clarify whether the individual wishes to attend or attend and present. 
  • The NCUA Board Secretary will inform presenters on October 31, 2025, if they have been approved to make a presentation.
  • To appear at the public hearing, approved presenters must submit their statements in advance. Statements must be submitted to [email protected] by 1:00 p.m. Eastern on November 3, 2025.
  • Presenters will be allotted five minutes during the budget hearing to deliver their remarks.  

To provide written comments about the proposed budget:

NCUA Proposed Rulemaking Takes Further Action to Solidify Removal of Use of Reputation Risk

Reputation Risk Proposed Rule Submitted to Federal Register

October 2025 – Today the National Credit Union Administration (NCUA) issued a notice of proposed rulemaking to codify the elimination of reputation risk from its supervisory program. The agency previously announced it ceased using reputation risk and equivalent concepts in the examination and supervisory process.

The proposed rule would also prohibit NCUA from instructing credit unions to close accounts, refrain from providing, or altogether terminating products and services on the basis of a person or entity’s protected class or political views.

NCUA has determined that assessing reputation risk is subjective, ambiguous, and lacking in measurable criteria. The proposed rule is intended to ground NCUA’s supervision and examination programs in data-driven conclusions to eliminate the risk of individual perspectives driving the supervisory process.

Interested parties may find the proposed rule and submit public comments through the Federal eRulemaking Portal: This is an external link to a website belonging to another federal agency, private organization, or commercial entity.https://www.regulations.gov(Opens new window). The docket number is NCUA–2025–0972.

NCUA Posts 2026–2027 Proposed Budget

September 2025 ⎻ The National Credit Union Administration’s staff draft budget for 2026–2027 is now available on the agency’s website for review and comment. The NCUA has also submitted the proposed budget for publication in the Federal Register, and the comment period remains open until October 24.

The proposed combined 2026 budget is $313.8 million, a 20.6 percent decrease from the 2025 budget. Three main drivers contribute to the reduction in proposed 2026 budget levels: a 23.0 percent reduction to NCUA staffing levels, a 34.1 percent reduction to contracted services budgets, and a 13.4 percent reduction in budgets for employee travel.

The NCUA’s 2026–2027 staff draft budget justification includes three separate budgets. The proposed operating budget is $292.4 million. The proposed 2026 capital budget is $18.1 million, which includes $10.0 million for implementation of the NCUA’s reorganization plan for 2026, along with investment in systems to increase efficiency and meet other administration priorities. The proposed Share Insurance Fund administrative budget is $3.3 million. The proposed budget summary and detailed budget justifications can be found on the Budget and Supplementary Materials page on NCUA’s website.

Simplified CECL Tool Updated for September 2025

ALEXANDRIA, Va. (September 22, 2025) – The National Credit Union Administration today released the September 2025 update of its Simplified CECL Tool, which was developed primarily for small and non-complex credit unions as an option for estimating the allowance for credit losses on loans and leases. The update provides the latest life-of-loan—or Weighted Average Remaining Maturity—factors.  

For credit unions currently using the Simplified CECL Tool, the September 2025 release facilitates calculating the credit loss expense on loans and lease for the period ending September 30, 2025.

To get the latest version, please visit the Simplified CECL Tool page and click on “Download the Latest Simplified CECL Tool.” To ease your use of the Simplified CECL Tool, please review Frequently Asked Questions, the User Guide, and the Model Development Documentlocated on The Simplified CECL Tool page.

The NCUA updates the Simplified CECL Tool quarterly to enable credit unions to use the Tool when closing their books and submitting their quarterly NCUA Call Report.

For more information on CECL, please visit our CECL Resources page.

NCUA Releases Second Quarter 2025 Credit Union System Performance Data

September 5, 2025 – The National Credit Union Administration today released its second quarter credit union system performance data for 2025. According to the latest financial performance data report, total assets in federally insured credit unions rose by $82 billion, or 3.6 percent, over the year ending in the second quarter of 2025, to $2.38 trillion. Total loans outstanding increased $64 billion, or 3.9 percent, over the year, to $1.68 trillion. Insured shares and deposits rose $71 billion, or 4.0 percent, over the year ending in the second quarter of 2025, to $1.83 trillion.

“Over the last four quarters the credit union system saw solid growth in assets, loans, and deposits reflecting the viability and resilience of credit unions,” said Chairman Kyle Hauptman. “This upward trend is important as it signals a robust credit environment, enabling more credit union members and businesses to access funds for growth and investment. Also, strong deposit data enhances credit union liquidity and reinforces stability across the credit union system.”

Highlights from the Second Quarter 2025 NCUA Quarterly Data Summary Report(Opens new window) include: 

  • The credit union system’s net worth ratio was 11.11 percent in the second quarter of 2025, compared with 10.84 percent one year earlier. Note that beginning in 2023Q1, this ratio excludes the Current Expected Credit Loss (CECL) transition provision.
  • Net income totaled $17.7 billion at an annual rate in the year to date through the second quarter of 2025, up $2.1 billion, or 13.2 percent, compared with the same period in 2024.
  • Federally insured credit unions added 2.8 million members over the year, and credit union membership in these institutions reached 143.8 million in the second quarter of 2025.
  • Total assets in federally insured credit unions rose by $82.0 billion, or 3.6 percent, over the year to $2.38 trillion in the second quarter of 2025. 
  • Cash increased by $2.3 billion, or 1.2 percent, to $192.0 billion.

The NCUA makes credit union system performance data available in the Credit Union Analysis section of NCUA.gov. The analysis section includes quarterly data summaries and detailed financial information, a graphics package illustrating financial trends in federally insured credit unions, and a spreadsheet(Opens new window) listing all federally insured credit unions that filed a call report as of June 30, 2025, including key metrics.

Agencies Issue Exemption Order to Customer Identification Program Requirements

The Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, and the National Credit Union Administration (collectively, “agencies”), with the concurrence of the Financial Crimes Enforcement Network, today issued an order granting an exemption from a requirement of the Customer Identification Program (CIP) Rule implementing Section 326 of the USA PATRIOT Act. The CIP Rule requires a bank or credit union to obtain taxpayer identification number (TIN) information from its customer before opening an account, and the exemption permits a bank or credit union to use an alternative collection method to obtain TIN information from a third-party rather than from the customer.

The order applies to accounts at all entities supervised by the agencies. Since the CIP Rule was issued initially in 2003, there has been a significant evolution in the ways consumers access financial services, along with a rise in reported customer reluctance to provide their full TIN due, in part, to data breaches and identity theft concerns. Accordingly, this exemption provides flexibility to those entities supervised by the agencies that must comply with the CIP Rule. The exemption does not change the underlying requirement for banks and credit unions to have risk-based CIP procedures that enable them to form a reasonable belief they know the true identity of each customer.

This exemption is optional, and entities are not required to use an alternative collection method to obtain a customer’s TIN information.

Related Link: Exemption Order (PDF)

Simplified CECL Tool Updated for June 2025

The National Credit Union Administration today released the June 2025 update of its Simplified CECL Tool. The update provides the latest life-of-loan—or Weighted Average Remaining Maturity—factors.

For credit unions currently using the Simplified CECL Tool, the June 2025 release facilitates calculating the credit loss expense on loans and lease for the period ending June 30, 2025.

The Simplified CECL Tool was developed primarily for small and non-complex credit unions as an option for estimating the allowance for credit losses on loans and leases. Credit unions with assets of less than $10 million may also consider using the Simplified CECL Tool, as it could provide a more accurate measure of credit losses and serve as an additional tool for loan portfolio management.

To get the latest version, please visit The Simplified CECL Tool page and click on “Download the Latest Simplified CECL Tool.” To ease your use of the Simplified CECL Tool, please review Frequently Asked Questions, the User Guide, and the Model Development Documentlocated on The Simplified CECL Tool page.

The NCUA updates the Simplified CECL Tool quarterly to enable credit unions to use the Tool when closing their books and submitting their quarterly NCUA Call Report.

For more information on CECL, please visit our CECL Resources page.

NASCUS Summary of the May 2025 NCUA Board Meeting

The May 2025 meeting of the National Credit Union Administration (NCUA) Board was held with Chair Kyle Hauptman as the sole board member. The session included two primary briefings: a financial overview of the National Credit Union Share Insurance Fund (NCUSIF) and an update on the agency’s Voluntary Separation Program (VSP). Additional operational adjustments and strategic planning initiatives were also discussed.

NCUSIF Financial Overview & Performance
The financial performance of the NCUSIF for the first quarter of 2025 reflected steady improvement. The fund reported a net income of $1.2 million, marking an increase from the previous quarter. Total assets stood at $23 billion, while reserves reached $242 million, a $5 million rise compared to Q4 2024. The equity ratio as of Q4 was 1.30% and is projected to decline slightly to 1.26% by June 30, 2025, largely due to continued growth in insured shares.
No credit union failures were recorded in the first quarter. CAMELS code 3 credit unions decreased from 715 to 679, with associated assets falling by $16.1 billion to $172.6 billion. CAMELS code 4 and 5 institutions saw a modest decline from 135 to 129 credit unions, though their total assets increased by $1.8 billion to $20.3 billion. Notably, 90% of insured shares remain within CAMELS 1 and 2 rated credit unions.

Click here to read the entire summary (login required)

Hauptman Announces Changes to NCUA’s Overdraft/NSF Fee Collection

March 3, 2025 – To help ensure credit unions can continue to support the needs of Americans struggling with inflation, the National Credit Union Administration will no longer publish overdraft and non-sufficient fund fee income for individual credit unions, Chairman Kyle S. Hauptman announced today. The NCUA will collect the data during supervisory examinations.

“There is a well-intentioned movement aimed at protecting consumers from excessive fees, which is something we all support,” Chairman Hauptman said. “However, we must also consider the unintended consequences of such policies. In this instance, the previous data collection policy incentivized credit unions to avoid serving the needs of low-income and underserved communities. These fees can be the best option in a bad situation, saving money and protecting individuals’ credit scores. Overdraft also protects people from much higher costs imposed by their local governments.”

Chairman Hauptman discussed this policy change during a fireside chat with Jim Nussle, President & CEO of America’s Credit Unions at the 2025 Governmental Affairs Conference.

Under the previous data collection policy, the NCUA required federally insured credit unions with more than $1 billion in assets to disclose, separately, income from overdraft and non-sufficient funds fees. This data was available to the public on an individual basis and in the aggregate. Under the new policy, which goes into effect with the March 31, 2025, Call Report cycle, the NCUA will collect overdraft and NSF fee data as part of the examination process. The agency will continue to publish overdraft and NSF fee income data in the aggregate once updates to its examination system are complete.

“Our regulatory framework should protect consumers from predatory practices without depriving them of the financial tools they need to navigate their lives,” Chairman Hauptman said. “The appropriateness of overdrafts and NSF fees charged is a matter between a credit union and its member-owners who ultimately determine how their credit union is run.”

Chairman Hauptman also discussed what he calls “true financial inclusion,” which means removing barriers to de novo credit unions and removing the ‘pain points’ that have led to fewer small credit unions.

“The NCUA must ensure our regulatory burden is not a factor in a credit union’s decision to merge away,” he said. “Once those credit unions are gone, rarely does anyone come to fill their place. Relieving the regulatory burden on credit unions, especially the small and newly formed ones posing relatively low risk to the Share Insurance Fund, is vital to keeping these credit unions thriving now and in the future.”

Kyle S. Hauptman Designated as NCUA Board Chairman, Announces Priorities

Jan. 22, 2025 – President Trump has This is an external link to a website belonging to another federal agency, private organization, or commercial entity.designated National Credit Union Administration Vice Chairman Kyle S. Hauptman as the thirteenth Chairman of the NCUA Board.

“I am deeply honored that President Trump has asked me to serve as Chairman of NCUA,” Chairman Hauptman said. “I look forward to leading the agency’s dedicated professionals and working with my Board colleagues to create a regulatory structure that promotes growth, opportunity, and innovation within the credit union system.

“My priorities as Chairman include:

  • Re-examining the current NCUA budgeting process.
  • Convening groups of NCUA employees to identify achievable internal efficiencies to reduce unnecessary frictions in the agency’s operations.
  • Promoting the appropriate use of artificial intelligence (AI) as a tool for NCUA employees. One goal is enhancing productivity, but it’s also true that regulators who use technologies are more apt to understand why the regulated use them.
  • Focusing on true financial inclusion, which means removing barriers to de novo credit unions and removing the ‘pain points’ that have led to fewer and fewer small credit unions. NCUA should be mindful that the only people who think compliance is easy are those that don’t have to do it.
  • Codifying our procedures to protect Americans from regulation-by-enforcement. For example, no enforcement action should ever set – even clarify – policy. In America and other free societies, the sequence is: set speed limits, then give speeding tickets (no one has any obligation to be aware of someone else’s ticket).
  • Making clear that credit unions and their members are best positioned to assess their communities’ climate risks.
  • Re-assessing NCUA policies that may, even inadvertently, dissuade credit unions from serving low-income areas. This includes language around overdraft policies, particularly for credit unions located in states with especially punitive government late fees/penalties.
  • Right-sizing credit unions’ obligations where possible under the Bank Secrecy Act, including NCUA’s regulations surrounding Suspicious Activity Reports.”