Date:

Apr 13, 2026

Time: 11:59 PM

The NCUA Board is requesting comments on the fifth round of proposed regulatory changes under the NCUA Deregulation Project. The comment period ends on April 13, 2026, at 11:59 p.m. Eastern.

The proposals would clarify agency guidance or remove unnecessary, redundant, overly prescriptive, obsolete, or unduly burdensome requirements in the Code of Federal Regulations, including:

12 CFR 708a, Conversion of Insured Credit Unions to Mutual Saving Banks — The NCUA Board is proposing to amend its regulations governing the conversion of insured credit unions into banks. The intended effect of these changes is to simplify compliance for credit unions, reduce administrative costs, and modernize the conversion process, while ensuring members receive clear and effective disclosures.
12 CFR 708b, Mergers of Insured Credit Unions Into Other Credit Unions; Voluntary Termination or Conversion of Insured Status — The NCUA Board proposes to amend its regulations governing the voluntary termination of federal share insurance to streamline member communication requirements.
IRPS 06-1, Organization and Operation of Federal Credit Unions — The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 06-1 (IRPS 06-1). Rescinding IRPS 06-1 would ease the compliance burden on federal credit unions by limiting the number of sources that federal credit unions must check to ensure compliance with applicable chartering and field-of-membership requirements.

For more information or to submit a comment, please visit Regulations.gov.

12 CFR 708a, Conversion of Insured Credit Unions to Mutual Saving Banks — https://www.regulations.gov/document/NCUA-2026-0266-0001
12 CFR 708b, Mergers of Insured Credit Unions Into Other Credit Unions; Voluntary Termination or Conversion of Insured Status — https://www.regulations.gov/document/NCUA-2026-0267-0001
IRPS 06-1, Organization and Operation of Federal Credit Unions — https://www.regulations.gov/document/NCUA-2026-0265-0001

For more information about the NCUA Deregulation Project, visit: https://ncua.gov/news/deregulation-project

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Comments on Deregulation Project Proposals Due April 13

Last modified on

02/12/26