For Federally Insured Credit Unions

FAQs Regarding COVID-19 (Last updated July 29, 2022) - These frequently asked questions will be updated as information is made available.

Please send COVID-19 related questions via email to COVID19Questions@ncua.gov.

The following is helpful information from the NCUA for use by federally insured credit unions:

Date Guidance Type Link(s)
3/22/2022 Capital Planning Temporary Order Decreasing Earnings-Retention Requirement
4/16/2021 Press Release NCUA Board Renews Prompt Corrective Action Relief
3/24/2021 Webinar Pandemic Related Credit Risks for Credit Unions (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)
3/23/2021 Press Release Harper Discusses Economic Outlook, Urges Credit Unions Against Garnishing Stimulus Payments
3/10/2021 Press Release March 24 NCUA Webinar will Cover Credit Risk Issues Related to COVID-19 Pandemic
2/11/2021 Webinar Chairman’s Webinar (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)
2/3/2021 Webinar Emergency Capital Investment Program (ECIP) (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)

Webinar Presentation Slides
1/11/2021 Webinar Ask the Regulators: Basics of New Paycheck Protection Program (PPP) Loan Programs (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)
1/8/2021 Letter to Federal Credit Unions Underserved Area Expansions
1/7/2021 Letter to Credit Unions Summary of the Consolidated Appropriations Act, 2021
12/28/2020 Press Release Chairman Hood: COVID-19 Relief Extension Will Support Credit Unions, Assist Members
12/17/2020 Press Release Regulatory Relief in Response to COVID-19 Extended
12/3/2020 Webinar The NCUA’s COVID-19 Response Update (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)
11/20/2020 Letter to Federal Credit Unions Federal Credit Union Meeting Flexibility During the COVID-19 Pandemic
10/29/2020 Speech NCUA Board Member Todd M. Harper’s Prepared Remarks on NCUA’s Response to the COVID-19 Pandemic and Economic Equality and Justice, Credit Union Business Group’s National Business Services
10/29/2020 Webinar NCUA Hosting Webinar on Payday Alternative Loans and Short-Term Lending
10/28/2020 Press Release Chairman Hood: COVID-19 Shows Need for Greater Financial Inclusion
9/17/2020 Press Release Board Approves Changes to Real Estate Appraisals Rule
9/14/2020 Press Release Second Streamlined CDFI Round Now Open
8/6/2020 Risk Alert COVID-19 Fraud Schemes
8/3/2020 Press Release Federal Financial Institutions Examination Council Issues Statement on Additional Loan Accommodations Related to COVID-19
7/28/2020 Regulatory Alert Treatment of Certain COVID-19-Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act
7/15/2020 Press Release COVID-19 Urgent Need Grants Fully Utilized
7/15/2020 Letter to Credit Unions Update to NCUA’s 2020 Supervisory Priorities
6/23/2020 Press Release Federal and State Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions
6/18/2020 Letter to Credit Unions Phased Approach to On-site Operations
6/9/2020 Letter to Credit Unions Prompt Corrective Action Regulatory Relief Measures in Response to the COVID-19 Pandemic
5/28/2020 Letter to Credit Unions Update to Offsite Examination and Supervision Approach
5/26/2020 Press Release NCUA Releases On-Demand Webinar on the Enhanced Central Liquidity Facility
5/22/2020 Letter to Credit Unions Principles for Making Responsible Small-Dollar Loans
5/21/2020 Webinar Central Liquidity Facility: Enhancements in Response to COVID-19 (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)
5/20/2020 Press Release Federal Agencies Share Principles for Offering Responsible Small-Dollar Loans
5/11/2020 Regulatory Alert Consumer Financial Protection Bureau Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods
5/11/2020 Letter to Credit Unions Establishment of CLF Agent Memberships
5/1/2020 Regulatory Alert Federal Reserve Board Issues Rule Allowing Credit Unions to Remove the Monthly Limit on Savings Withdrawals
4/30/2020 Letter to Credit Unions Working with Borrowers Affected by the COVID-19 Pandemic
4/29/2020 Letter to Credit Unions Outreach Related to COVID-19 Impact
4/28/2020 Letter to Credit Unions Regulatory Treatment for Paycheck Protection Program Loans
4/24/2020 Presentation How to Become a PPP Lender
4/24/2020 Press Release NCUA Chairman Hood: Paycheck Protection Program and Health Care Enhancement Act Will Support Local Communities
4/24/2020 Webinar Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)
4/22/2020 Press Release NCUA Board Approves Changes to Capital; Business Lending Regulations
4/22/2020 Letter to Credit Unions Residential Appraisals Threshold Increase and Other COVID-19 Related Relief Measures
4/17/2020 Letter to Credit Unions Temporary Regulatory Relief in Response to the COVID-19 Pandemic
4/16/2020 Press Release NCUA Board Approves Regulatory Relief Measures in Response to COVID-19
4/16/2020 Letter to Credit Unions Enhancements to Central Liquidity Facility Membership and Borrowing Authority
4/14/2020 Press Release Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19
4/13/2020 Risk Alert Cybersecurity Considerations for Remote Work
4/13/2020 Press Release NCUA Board Approves Changes to Central Liquidity Facility
4/13/2020 Press Release NCUA Increases Funding for COVID-19 Emergency Response Grants
4/7/2020 Letter to Credit Unions Summary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act
4/7/2020 Press Release Agencies Issue Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus
4/7/2020 Letter to Credit Unions Small Business Administration Loan Programs to Help Small Businesses and Members During the COVID-19 Pandemic
4/3/2020 Press Release Federal and State Agencies Encourage Mortgage Servicers to Work With Struggling Homeowners Affected by COVID-19
3/31/2020 Webinar

The NCUA’s Response to the COVID-19 Pandemic (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)

3/31/2020 Press Release NCUA: Grants, Loans Available to Low-Income Credit Unions for COVID-19 Response
3/30/2020 Letter to Credit Unions Offsite Examination and Supervision Approach
3/27/2020 Press Release NCUA Chairman Hood: Coronavirus Aid, Relief, and Economic Security Act Will Provide Needed Relief
3/26/2020 Letter to Credit Unions Identification of Essential Critical Infrastructure Workers During COVID-19
3/26/2020 Letter to Credit Unions Responsible Small-Dollar Lending in Response to COVID-19
3/26/2020 Press Release Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19
3/25/2020 Press Release Financial Regulators Highlight Coordination and Collaboration of Efforts to Address COVID-19 
3/23/2020 Press Release NCUA: Urgent Needs Grants Available to Help Credit Unions Affected by COVID-19
3/22/2020 Press Release Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19
3/20/2020 Letter to Federal Credit Unions NCUA Actions Related to COVID-19 – Annual Meeting Flexibility
3/16/2020 Letter to Credit Unions NCUA Actions Related to COVID-19
3/9/2020 Press Release Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus
3/6/2020 Press Release FFIEC Highlights Pandemic Preparedness Guidance
3/6/2020 Interagency Statement FFIEC Statement on Pandemic Planning (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)
6/18/2009 Letter to Credit Unions Hurricane Preparedness and Pandemic Planning
12/13/2007 Letter to Credit Unions Guidance on Pandemic Planning
3/22/2006 Letter to Credit Unions Influenza Pandemic Preparedness
Last modified on
01/12/23