On December 10, 2025, the NCUA announced the first round of proposed regulatory changes associated with a new initiative to review and potentially revise the agency’s regulations. The NCUA’s “Deregulation Project” follows Executive Order 14192 Unleashing Prosperity Through Deregulation.
The NCUA aims to change or remove regulations that are obsolete, duplicative of statutory requirements, intended to serve as guidance, not requirements, or overly burdensome.
On December 10, the NCUA published in the Federal Register the following four proposals:
90 FR 57391 - Corporate Credit Unions. The NCUA proposes 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. The proposed rule would also remove filing requirements related to a corporate credit union's annual report and any management letter or other report issued by its independent public accountant.
90 FR 57393 - Supervisory Committee Audits and Verifications. The NCUA proposes to amend its regulations governing supervisory committee audits to reduce regulatory burden, increase operational flexibility for credit unions, and streamline the rules by removing requirements that are outdated or duplicative of other authorities.
90 FR 57399 - Guidelines for Safeguarding Member Information. The NCUA intends to remove Appendix A to part 748 from the Code of Federal Regulations, as it is a set of guidelines rather than a regulation. These guidelines were created to help federally insured credit unions (FICUs) protect member information. The Board believes that the current placement may cause confusion, and plans to publish the guidelines as a Letter to Credit Unions for easier updates and streamlined regulations.
90 FR 57397 - Guidance on Response Programs for Unauthorized Access to Member Information and Member Notice. The NCUA Board proposes removing Appendix B from part 748, which provides guidance on response programs for unauthorized access to member information. Originally issued in June 2005 for federally insured credit unions (FICUs), the Board finds its placement in the Code of Federal Regulations (CFR) potentially confusing. Instead, the Board plans to publish the content of Appendix B as guidance to improve clarity and streamline regulations.
Comments to the proposed rules will be accepted until February 9, 2026.
Read the NCUA’s press release here.