Federal Register #2026-16022

NCUA Rescinds Redundant Corporate Credit Union Chartering Guidance

This notice announces a regulatory update from the National Credit Union Administration (NCUA), not a procurement opportunity. - The NCUA Board is rescinding Interpretive Ruling and Policy Statement (IRPS) 11-02 regarding corporate credit union chartering - The Federal Corporate Credit Union Chartering Manual will now be the sole guidance for chartering federal corporate credit unions - The rule aims to reduce regulatory burden and eliminate confusion by consolidating guidance - No products, services, OEMs, or vendors are involved - The rule also amends related regulations to streamline requirements for federal share insurance and clarifies insurance disclosure obligations for state-chartered credit unions - Only the NCUA is referenced; no procurement or contracting activity is present

Description

The National Credit Union Administration (NCUA) Board is issuing a final rule to rescind its Interpretive Ruling and Policy Statement (IRPS) 11-02, which addresses chartering corporate credit unions. This action is taken because the IRPS is redundant to the Federal Corporate Credit Union Chartering Manual. The rescission aims to eliminate potential confusion and reduce regulatory burden by providing a single source of guidance for chartering federal corporate credit unions. The rule is effective September 8, 2026, and follows consideration of public comments supporting the removal of the redundant IRPS.

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