Federal Register #3133-AF84

NCUA Final Rule Rescinding IRPS 11-02 for Chartering Corporate Credit Unions

This opportunity concerns a regulatory action by the National Credit Union Administration (NCUA) Board regarding chartering corporate credit unions. - The NCUA Board is rescinding IRPS 11-02, which previously provided guidance for chartering corporate credit unions. - Guidance will now be consolidated under the Federal Corporate Credit Union Chartering Manual. - No products, services, OEMs, or vendors are involved, as this is not a procurement opportunity. - The rule aims to reduce regulatory confusion and burden by eliminating duplicative sources. - Notable requirement: All future chartering guidance will rely solely on the Chartering Manual.

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 IRPS is considered redundant to the Federal Corporate Credit Union Chartering Manual. The action aims to eliminate potential confusion by providing a single source of guidance for chartering federal corporate credit unions. The rule is effective September 8, 2026, and comments were considered before finalizing the rule.

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