Last week, we introduced five of the eleven final rules released by the National Credit Union Administration on August 5, 2026, as part of its ongoing deregulation project. Part One discussed suretyship and guaranty requirements, limits on loans to other credit unions, service to underserved areas, disclosure of share insurance for non-member shares, and eligible obligations.

This week, we’ll cover the six remaining final rules, all effective on September 8, 2026.

Community Chartering Policies
The NCUA issued Interpretive Rule and Policy Statement (IRPS) 10-1 in 2010 to provide guidance on the agency’s community chartering policies. Because this information is also located in the NCUA’s Chartering and Field of Membership Manual (Appendix B to Part 701), IRPS 10-1 is duplicative and no longer required. As a result, it is rescinded.

Federal Corporate Credit Union Chartering
In addition, the NCUA issued IRPS 11-02 in 2011 to address the requirements and process for chartering corporate federal credit unions. Because this information is also located in the NCUA’s Federal Corporate Credit Union Chartering Manual, IRPS 11-02 is redundant and unnecessary. As a result, it is rescinded.

Notice of Termination of Excess Share Insurance Coverage
Currently, 12 CFR 741.5 requires a credit union that is terminating excess share insurance coverage to provide written notice to all members at least thirty (30) days prior to the termination date. The final rule eliminates this 30-day advance delivery requirement and simply requires written notification to occur prior to the termination date.

Organization and Operation of Federal Credit Unions
The NCUA issued IRPS 06-1 in 2006 to address the requirements for adding underserved areas to a federal credit union’s (FCU’s) field of membership. Because this information is also located in the NCUA’s Chartering and Field of Membership Manual, IRPS 06-1 is duplicative and no longer required. As a result, it is rescinded.

Credit Union Service Contracts
12 CFR 701.26 requires an FCU to enter into a written agreement that advises all parties that the goods and services provided under the contract are subject to examination by the NCUA. This covers agreements related to fixed assets as well as agreements covering activities and/or services related to the daily operation of the credit union. Because entering into a written contract is a standard business practice, the NCUA feels this regulatory language is unnecessary. The final rule removes it from Part 701.26.

12 CFR 721.3 identifies the categories of activities that are pre-approved as incidental powers necessary or requisite to carry on a credit union’s business. The final rule adds the following activity to this list – Entering into a contractual agreement related to fixed assets and/or activities and services related to the daily operation of the credit union.

Third-Party Servicing of Indirect Vehicle Loans
Currently, 12 CFR 701.21 places the following restrictions on a federally insured credit union’s acquisition of any vehicle loan serviced by a third-party:

• No acquisition may exceed 50% of the credit union’s net worth during the initial 30 months of the third-party’s servicing relationship
• No acquisition may exceed 100% of the credit union’s net worth after the initial 30 months of the third-party’s servicing relationship

The final rule removes these restrictions.