Opportunity
Federal Register #2026-16028
NCUA Consolidates Chartering and Field of Membership Requirements for Federal Credit Unions
Buyer
National Credit Union Administration
Posted
August 06, 2026
Identifier
2026-16028
This notice from the National Credit Union Administration (NCUA) announces a regulatory update affecting federal credit unions (FCUs): - NCUA is rescinding IRPS 06-1 and IRPS 10-1, consolidating all chartering and field of membership requirements into the Chartering and Field of Membership Manual - The consolidation aims to reduce compliance burden for FCUs by providing a single, streamlined source for requirements - No new requirements, products, or services are introduced; the action is purely administrative and clarifies existing guidance - No OEMs, vendors, or commercial products are referenced in this notice - The rule was adopted after public comment, with most feedback supporting the change for clarity and efficiency - No economic impact or procurement activity is associated with this action
Description
The National Credit Union Administration (NCUA) Board is rescinding Interpretive Ruling and Policy Statement (IRPS) 06-1 because the Chartering and Field of Membership Manual now incorporates the current requirements for adding underserved areas, making IRPS 06-1 unnecessary. This rescission reduces the burden for federal credit unions by limiting the number of sources they must check to verify compliance with applicable requirements. The proposal was adopted without modification after considering public comments. The final action is effective on September 8, 2026.