Federal Register #2026-20729

NCUA proposes Form 5300 reporting on credit union payment stablecoin activity

The National Credit Union Administration (NCUA) is proposing changes to its Form 5300 Call Report to collect information about credit unions’ payment stablecoin activities. - Government buyer: National Credit Union Administration (NCUA); the notice concerns the agency’s Call Report and reporting requirements for credit unions. - What is proposed: Add a new Schedule J to Form 5300 and update the form’s instructions. - Information to be reported: - Custody of reserve assets for permitted payment stablecoin issuer third parties. - Custody and control of cryptographic keys. - Direct exposure to permitted payment stablecoin issuers. - Payment stablecoins held on credit unions’ balance sheets. - Purpose: Support NCUA’s offsite supervision of credit unions. - OEMs and vendors: None identified. This is a proposed reporting-form revision, not a procurement of products or services.

Description

The National Credit Union Administration proposes revising the NCUA Call Report (Form 5300) to collect data about credit unions’ involvement with payment stablecoin activities. Proposed changes add Schedule J accounts for reporting reserve-asset custody, cryptographic key custody and control, direct exposure to permitted payment stablecoin issuers, and payment stablecoins held on credit unions’ balance sheets. The revised form and instructions are submitted to the Office of Management and Budget for review and clearance, and are proposed to take effect with the March 31, 2027, report date. Comments must be received on or before December 8, 2026.

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