As Prepared for Delivery on January 22, 2026
Opening Remarks
Thank you for joining us for the first board meeting of 2026. We have two items on today’s agenda. The first is a briefing on a proposed rule for Dependent Care and Board Member Expense Reimbursement.
The second is a briefing on the Central Liquidity Facility’s 2026-2027 budget.
Before we begin, I’d like to provide a few updates.
Last month, NCUA announced its Deregulation Project, a long-term initiative to review and revise NCUA’s regulations to focus the agency on fulfilling our core mission and statutory requirements. I liken this to a spring cleaning which is useful for any large organization, but especially for government agencies which lack the market forces that naturally provide this kind of discipline.
Since our December announcement, we have published 12 Notices of Proposed Rulemaking in the Federal Register with more to come. These proposed changes will eliminate unnecessary and overly complicated hurdles that impede credit unions from successfully carrying out their work.
In addition to complying with the President’s Executive Order on Unleashing Prosperity through Deregulation, the Deregulation Project allows NCUA to focus on our mission: enabling access to financial services by facilitating safe, sound, and resilient credit unions.
To learn more about the project, please visit NCUA’s website homepage where you can click to access a complete list of NCUA’s Rulemakings and Proposals for Comment.
I encourage you to weigh in and comment.
Last week, NCUA announced its 2026 Supervisory Priorities in a Letter to Credit Unions.
The letter outlines NCUA’s priorities for the remainder of 2026 and highlights the agency’s continued focus on risk-based supervision, with examiners tailoring the examination scope based on the credit union’s unique risk profile.
I encourage you to read the letter if you have not already done so.
To that end, NCUA will host a public webinar to discuss the 2026 Supervisory Priorities in greater detail on February 19th at 2:00 pm Eastern. Please save the date for now, and we will provide additional information on how to sign up for the webinar in the upcoming weeks.