On May 6, 2026, the NCUA announced the eleventh round of proposed regulatory changes associated with its 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 NCUA is requesting comments on two proposals that would eliminate obsolete regulations and duplicative requirements in the Code of Federal Regulations. The following are the two proposals:
Thresholds Increase for Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule [12 CFR 711.3 (c) and 12 CFR 711.6(b)(2)]. The Board proposes raising the major assets prohibition thresholds under the Depository Institution Management Interlocks Act (DIMIA) to $10 billion. This change aims to address potential anticompetitive effects that could arise from management interlocks between large organizations, regardless of their community locations. Additionally, the Board plans to eliminate 12 CFR 711.6(b)(2), which previously outlined situations where an interlock would be presumed to not harm competition.
Requirements for Insurance [12 CFR 741]. The NCUA Board is proposing a rule to streamline its share insurance regulations. The sections that are proposed for removal primarily refer federally insured state-chartered credit unions (FISCUs) to other NCUA regulations. These proposed changes are intended to reduce duplication.
Read the NCUA’s press release here.