Federal Register #2026-21088

NCUA proposal to clarify federal credit unions’ incidental-powers application process

The National Credit Union Administration (NCUA) is proposing changes to clarify how federal credit unions may seek approval for activities outside their preapproved incidental powers. - Government buyer / agency: National Credit Union Administration (NCUA); the proposal concerns the NCUA Board and the NCUA Office of General Counsel. - Proposed change: Amend 12 CFR part 721 to clarify that a federal credit union does not need an advisory opinion from the Office of General Counsel before petitioning the NCUA Board about an activity outside preapproved incidental powers. - Application process: The proposal would remove related regulatory language and clarify how interested parties may apply to add activities or categories. - Procurement status: This is a proposed regulatory change, not a request to purchase products or services. No OEMs, commercial vendors, products, quantities, or purchase requirements are identified.

Description

The National Credit Union Administration proposes to amend its regulations on incidental powers for federal credit unions. The proposal clarifies that federal credit unions are not required to obtain an advisory opinion from the NCUA Office of General Counsel before petitioning the Board to engage in an activity outside their preapproved incidental powers. It would remove related language from 12 CFR part 721 and clarify the process for applying to add new activities or categories. Comments must be received by December 14, 2026.

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